New tech board gets first applications

Plane equipment maker submits listing mandate to municipal authorities

The first companies in Shanghai have submitted their applications to go public on the planned science and technology innovation board, as the municipal government accelerates the preparatory work.

As reported by Shanghai Securities News, Shanghai Shangfei Plane Equipment Manufacturing Co Ltd is one of the first companies to submit its listing intention to the Shanghai Municipal Commission of Economy and Informatization. Successful listing on the science and technology innovation board will help the company to integrate resources, perfect its industrial chain and expand its production capacity, said Shangfei.