Representatives from Jiangsu Times Textile Technology Co Ltd and officials from the Nantong municipal government pose for a photo at the listing ceremony on Jan 11. [Photo/WeChat account: rugaofabu]

Jiangsu Times Textile Technology Co Ltd in Rugao, a county-level city in Nantong, Jiangsu province, was listed on the main board of the Shenzhen Stock Exchange on Jan 11, becoming the first listed company in Rugao this year.

The company began trading at 16.53 yuan ($2.59) per share under stock code 001234. A total of 26.66 million shares were issued on the first day, raising 441 million yuan.

Established in August 1992, Times is engaged in high-grade fabric weaving, dyeing, post treatment and knitting garment production.

The company has introduced advanced technology and equipment from the United States, Germany, France, Italy and Japan, forming a one-stop production system including weaving, bleaching, dyeing, cutting, printing, embroidery, tailoring, washing and post treatment.

The company is the original equipment manufacturer for famous clothing brands such as Decathlon, Quiksilver, Kappa and Giordano.

In addition, Times founded the Nantong Times Charity Foundation with an investment of 2 million yuan in 2009 to subsidize children in need in Rugao.