Jishi Media soars on trading debut

Jilin-based company will use capital to extend coverage range

SHANGHAI - The Chinese cable TV company Jishi Media Co Ltd, based in northeastern China's Jilin province, which debuted on the Shanghai Stock Exchange on Thursday, closed at 13.12 yuan ($2.08) per share, a rise of approximately 87 percent from its opening price of 7 yuan.

Jishi Media now has total assets of 3.2 billion yuan and net assets of 1.5 billion yuan. It has established an automatically switched optical network, a technique widely used in communications that covers 51 cities and counties within Jilin.