The Shanghai Tianyang Hotmelt Adhesives Co becomes the first private company in Nanxiang town, Jiading district of Shanghai, to list on the main board of Shanghai Stock Exchange on Feb 13. [Photo/jiading.gov.cn]
Shanghai Tianyang Hotmelt Adhesives Co. became the first private company from Nanxiang town, Jiading district of Shanghai, to be listed on the main board of Shanghai Stock Exchange on Feb 13.
The stock, with up to 60 million shares, reached its upper limit on its first day of trading, closing at 26.19 yuan ($3.8) per share from its original issue price of 18.19 yuan.
The company, founded in 2002, has developed into a leading firm providing hotmelt adhesives. Its products are widely used in fields such as packaging, decorations, clothing, and furniture.