On Feb 27, KTK Group Co., Ltd. was officially listed on the Shanghai Stock Exchange (SSE). It is Changzhou’s first listed company in the rail transit industry.
Mayor Ding Chung and Yu Jinkun, chairman of KTK Group, rang the opening bell at the SSE. Cao Jiazhong, standing member of the CPC Changzhou Municipal Committee and deputy mayor of Changzhou, Shi Zhijun, deputy mayor of Changzhou and secretary of the CPC Wujin District Committee, and Hang Yong, secretary-general of the municipal government, attended the listing ceremony.
KTK Group’s stock symbol is 603680. The company issued 42 million shares at the share price of 32.69 yuan, with the P/E ratio of 22.99 times earnings. The total amount of funds raised was 1.373 billion yuan, which will be mainly used for the EMU equipment projects and urban rail transit equipment projects. The successful listing of KTK Group will improve the layout of the company's rail transit industry, enhance its brand image and increase its market share.
KTK Group is a leading supplier of rail transit vehicle equipment in China. The company manufactures electrical products, lighting products, interior decoration and equipment, wallboard product, galley products, seats, and platform screen door systems for use on trains.
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