Tailam Tech Construction Holdings Limited, a Qidong-based company, is listed on the Hong Kong Stock Exchange on Dec 18. [Photo/WeChat account: jsqdrb]

Tailam Tech Construction Holdings Limited, based in Qidong, Nantong, Jiangsu province, was listed on the Hong Kong Stock Exchange (HKEX) on Dec 18. 

The enterprise officially issued 79 million shares priced at HK$ 1.3 ($0.17) each and raised over HK$102 million in total funds.

The company was established in June 2011 and ranks among the top 20 enterprises in Qidong. It produces and sells prestressed pipe piles and ready-mixed concrete and provides related technological assistance and supporting services.

The enterprise was listed on the new over-the-counter market on Dec 9, 2016, but was delisted on Sept 17, 2018 in order to make preparations for its listing on the HKEX. 

The company's listing on the HKEX is a landmark in its development, and is the first enterprise in Qidong to be listed on the exchange.

In recent years, Qidong has been facilitating the development of enterprises through the capital market and promoting listings both on stock exchanges and over-the-counter.

To date, a total of 13 enterprises in Qidong have gone public. In the future, the city will continue to promote the cultivation of enterprises and work to create a better business environment.