Wuhu Atech Automotive Targets 1.5 Billion Yuan in Shanghai IPO

MT Newswires Live

04/07

Intelligent automotive electronics manufacturer Wuhu Atech Automotive (SHA:603293) priced its initial public offering of 44.8 million shares at 33.49 yuan apiece to raise 1.50 billion yuan on the main board of the Shanghai Stock Exchange.

IPO proceeds will be used to boost automation, streamline production management, and strengthen research and development, according to a filing with the Shanghai bourse.

The expected issuance is on Tuesday.

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