Representatives from Nantong Chaoda Equipment Co Ltd take a photo after striking the bell at the listing ceremony on Dec 23. [Photo/WeChat account: rugaofabu]

Chaoda Equipment Co Ltd in Rugao, a county-level city in Nantong, Jiangsu Province, was listed on the ChiNext of the Shenzhen Stock Exchange on Dec 23, becoming the 11th listed company in Nantong this year.

The company began trading at 28.12 yuan ($4.41) per share under stock code 301186. A total of 18.2 million shares were issued on the first day.

Chaoda Equipment is a leading supplier of automotive interior and exterior molds in China. The enterprise specializes in the research and development, production and sale of molds, auto checking fixtures, automated tooling facilities and parts. 

It is a high-tech enterprise with 63 invention patents, a technology center as well as a research center. 

There are currently 54 listed companies in Nantong, including 45 listed domestically.

Moving forward, Nantong will provide efficient services and strong support for listed enterprises and encourage more local companies to go public.