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ZKIN:3rd Wenzhou Enterprise Listed in the U.S.
【Fonts: Large Medium Small 【Source: 温州市 【Date: 2017.09.05】

On the morning of September 1st (U.S.time), NASDAQ capital market  once again saw a name of Wenzhou enterprises - Zhejiang ZhengKang Industrial Corporation (stock abbreviation: ZKIN). Its listing won applause from both theUnited Statesand Wenzhou. Reportedly, ZKIN is the 3rd Wenzhou Enterprise listed in theU.S., the first stock inChina’s thin-wall stainless steel pipeline industry, and the 22nd Wenzhou company listed at home and abroad. 

That evening, Huang Jiancong, CEO of Zhengkang International, had video contacts withU.S.investment banks, lawyers, consultants abroad, and other related personnel. On the trading screen of NASDAQ studio hall, "ZKIN" opened for $5 per share and closed at $8.45. Early in January this year, Zhengkang got through the audit of U.S. Securities and Exchange Commission, and in May, it received a letter of approval from the NASDAQ headquarters for officially adding its exchange code of “ZKIN” to NASDAQ board trade list. So far, Zhengkang has raised a total of $5.3million through two times of fund-raising at the offer price of $5 per share. The fund will be mainly used for introducing advanced equipment, laying online and offline networks, investing in the construction of logistics system and attracting elites, with the long-term goal to further open the international market.

"It took us more than 10 years to make the seemingly simple pipeline into a national high-tech enterprise. I will continue to devote myself to making Zhengkang a well-known brand in the new thin-wall stainless steel pipeline field," said Huang Jiancong, CEO of Zhengkang International. He also said that as early as 2015, the company has begun preparations for the listing in the hope of pushing the company forward through the power of capital and greater platform resources. "Overseas listing is also a business card conducive to opening its international terminal market and enhancing its reputation and influence."

Established in 1999, Zhengkang is located in Binhai District of Wenzhou Economic and Technological Development Zone, focusing on the production of thin-wall stainless steel pipeline system for water and gas supply. As of the end of last year, it ranked top among over 110 stainless steel manufacturers nationwide and its sales growth remained at around 30% in recent years.

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