On December 6, 2016, T&S Communications Co., Ltd. (stock code: 300570) celebrated its successful listing on the Shenzhen Stock Exchange. The official ceremony, held at the exchange's main hall, was attended by Chairman Zhang Zhimin, General Manager Zhang Yiming, and distinguished guests.
In his address, Chairman Zhang Zhimin remarked that the initial public offering (IPO) marks a significant milestone, ushering in a new era for T&S. He emphasized the company's commitment to upholding social responsibilities and adhering strictly to capital market regulations to ensure sustainable growth, aiming to enhance the well-being of both employees and shareholders.
The IPO involved the issuance of 31.944 million shares at a price of RMB 20.59 per share, resulting in a price-to-earnings (P/E) ratio of 22.99. Post-IPO, the company's total capitalization reached 127.776 million shares.
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