IDEAR HANYU Was Formally Listed on Shenzhen Stock Exchange

2014-10-30

On October 30th, Jiangmen IDEAR HANYU Electrical Co., Ltd. (300403) was formally listed on Shenzhen Stock Exchange.

The opening price of IDEAR HANYU is 23.16 yuan, 3.86 yuan higher than its issuing price. According to statistics, IDEAR HANYU has been extremely popular with investors. The success rate of online price is 0.6277469700%, oversubscription rate is 159. Its online and offline frozen capital reaches 132.868 billion yuan.

       Established in 2002, IDEAR HANYU is world’s famous supplier of discharge pumps for washing machines and dish-washing machines, an advocator of healthy, energy-saving and eco-friendly home appliances, and one of the first high-tech enterprises subsidized by the country. Its advanced technologies-technology of aluminum enameled wire replacing copper wire, coil plastic technology, impeller technology and cooling technology have won appreciations from world top 500 enterprises including Whirlpool, Samsung, Vestel and Electrolux. Its CS IDEA rinsing machines have been certified with FDA and well recognized by customers.

JD Capital invested in IDEAR HANYU at the end of 2010, holding a share of 16%.