JD-Capital-Invested Huida Group Approved for IPO
On February 27, JD-Capital-invested Huida Sanitary Ware Co., Ltd. (Hereafter referred to as Huida Group) gained the approval of China Securities Regulatory Commission (CSRC) for its forthcoming IPO in Shanghai Stock Exchange (SSE).
Established in 1982, Huida Group is among the largest and most time-honored sanitary ware companies in China. It provides customers with tens of millions of sanitary wares, including ceramic sanitary wares, bathroom furniture, wall and floor tiles, hardware taps and fittings, closets, wooden doors, etc. The enterprise’s products are also used in the 2008 Beijing Olympic Games, the 2010 Shanghai Expo and many five-star hotels.
Up to date, Huida Group has established two R&D centers respectively in Beijing and Shanghai and one post-doctoral research center. In 2012, China’s Ministry of Housing and Urban-Rural Development authorized Huida Group to be a national residential industrialization base. In 2013, Huida Group was honored the title of “National-recognized Enterprise Technology Center” by National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Finance, General Administration of Customs and State Taxation Administration.
With strong R&D strength and manufacturing capability as well as sound global service system, Huida Group is also well received overseas, highly recognized by many world famous home improvement supply retailers and manufacturers, such as R－TOTO (Korea), Delta Group (America),the Home Depot (America), Agromat (Ukraine), CAROMA (Australia), ADEO (France), etc. As of now, Huida Group supplies quality products and services to customers of over 80 countries and regions across the world.
The fund under JD-Capital’s management took 11.5% of stock in Huida Group in 2012. The recent approval for IPO makes Huida Group the fourth JD-Capital’s investee approved for IPO in 2017 following Zhejiang Cheng Yi Pharmaceutical Co. Ltd, Juewei Food Co., Ltd and Doctor Glasses Company.