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Wanding Technology Aims to IPO on the ChiNext Board, Chairman Xia Jianxiang Controls 72%
Ruicai Finance Wang Min On March 10, Zhejiang Wanding Precision Technology Co., Ltd. (hereinafter referred to as “Wanding Precision”) disclosed the completion report of its IPO guidance on the Growth Enterprise Market, with Guotai Haitong as the guiding institution.
It is reported that from June 29, 2023, to the date of this report, Guotai Haitong conducted a total of ten guidance sessions for Wanding Precision.
Wanding Precision was established in September 2009 with a registered capital of 63.09 million yuan. It specializes in the research, design, and manufacturing of automotive bearings, including wheel hub bearings and bearing forgings. The company is a supplier to the top five global bearing companies such as SKF from Sweden, Schaeffler from Germany, and NTN from Japan, and is also one of the suppliers to listed company Guangyang Co., Ltd. (002708.SZ).
Tianyancha shows that Chairman and General Manager Xia Jianxiang of Wanding Technology is the actual controller of the company, directly holding a 72.07% stake, with relatively concentrated ownership.