Shandong New and Old Momentum Conversion Fund Investment Enterprises Welcome a Good Start to Their IPO

 At the beginning of the new year, six companies invested by the Shandong Province New and Old Energy Conversion Fund once again reported good news for listing: three IPOs passed and three went public. Six companies are all specialized, refined, and innovative enterprises. Among them, Shandong Tianyue, Sanyuan Biotechnology, and Zhongke Lanxun are three national level specialized, refined, and innovative "little giant" enterprises, Shandong Tianyue and Qingdao Innovation Qizhi are two unicorn enterprises, Pangu Intelligent Manufacturing is a gazelle enterprise, and Chaozhuo Aviation Technology is a provincial level specialized, refined, and innovative "little giant" enterprise.

At the beginning of 2021, the Ministry of Finance and the Ministry of Industry and Information Technology jointly issued a notice on supporting the high-quality development of "specialized, refined, unique and new" small and medium-sized enterprises, gradually improving the cultivation path of "small and medium-sized enterprises - specialized, refined, unique and new cultivated enterprises - provincial and municipal specialized, refined, unique and new enterprises - specialized, refined, unique and new" little giant "enterprises - manufacturing industry champions". In June of the same year, the Provincial New Energy Fund Company, together with the Provincial Department of Industry and Information Technology and Zhongtai Securities, launched the "Mount Taishan Summit" action, and formed a listing cultivation community to support small and medium-sized enterprises to adhere to the "specialized, special and new" development path, create three circles of "reserve potential circle", "key cultivation circle" and "sprint core circle", and accurately serve and cultivate the reserve resources of listed enterprises.

At present, 52 companies invested by the Shandong New and Old Energy Conversion Fund have achieved IPOs, ranking among the top investment companies in the province in terms of the number of listed companies. About 100 companies are accelerating their preparations for listing, and it is expected that more than 100 companies will be invested in and listed within two years, accelerating the formation of a unique Shandong New and Old Energy Conversion Fund to support the listing of companies.

Information source: Dazhong Daily