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The number of listed portfolio companies of Shenzhen Capital Group has increased to 138

作者:SCGC | 日期:2018-03-06 10:19:08

On February 27, KTK Group Co. Ltd. (KTK: 603680) invested in by SCGC Capital Holding Company Limited, one of Shenzhen Capital Group’s (SCGC) affiliates, was listed on the main board of the Shanghai Stock Exchange. It is the third portfolio company of SCGC to be listed in 2018 and it is also the 138th portfolio company that went public since SCGC’s establishment. 

KTK was established in 2003 andit’s dedicated to research and development, production, sales and service of rail transit vehicle accessory products. Its main products include vehicle built-in products and equipment. It is a leading enterprise in design, research and development, production, comprehensive support, and many other fields. The company has been rated as state-level high-tech enterprises and national Torch Plan key high-tech enterprises. In the field of EMU accessory products, the company has participated in the localization tasks of vehicle interior products, side sliding doors, kitchen and seats, as well as supporting R&D standardized EMUs. In the urban rail vehicle accessory products, the company’s products have been exported and applied to dozens of countries’ rail transit vehicle projects such as the United Kingdom and France. 

In 2009, SCGC invested in KTK through its affiliate SCGC Capital Holding Company Limited. Its investment team members are Xing Ai, Enjiang Yi, and Wenzheng Chen. After the investment, the investment team paid great attention to the development and demand of the company and provided the portfolio company with constructive suggestions on the listing plan and the product development direction together with other joint investors. The investment team believes that KTK has mastered core intellectual property rights and technology, and has excellent supporting capabilities in the high-speed rail industry chain. The company will maintain relatively rapid growth in the next five to ten years. KTK expects to achieve multiple breakthroughs in disaster prevention and safety monitoring systems through years of continuous R&D and become an integrated service provider in the rail transit field. 

In this public offering, KTK issued a total of 42 million shares of common stock, with an open price of 32.69 RMB per share. On the first day of listing, the stock price increased by 44% with the closing price of 47.07 RMB per share.