At 9:30 on June 30th JCHX Mining Management Co., Ltd. (JCX:603979) was listed on Shanghai Stock Exchange successfully, with issue price of RMB 17.19 per share and closed at RMB 24.75 with highest increase of 43.98% during the first day, which indicated that JCX won market recognition.
Representatives from local governments, regulatory authorities, partners, shareholders and intermediate agencies, along with directors, supervisors and senior managers of JCHX attended the listing ceremony and return banquet held in the evening of June 29th.
Totally 9.5 million shares were issued by JCHX as new shares during initial public offering, which added its total capital stock to 375 million shares. Funds raised this time shall be used to renew and expand equipment facilities, more modern, large, efficient, safe, energy conservative, environmental protective equipment shall be purchased later, which shall further increase the equipment level of JCHX, enhance its reputation and innovative capability, then lay a solid foundation for JCHX to realize its goal of becoming the planner, designer, builder, manager of safe, green, digital and intellectual mines.
