A company in the Nantong Economic and Technological Development Area of East China's Jiangsu province is listed on the Beijing Stock Exchange on Nov 17. [Photo provided to NETDA] 

Jiangsu Ever-tie Lighting Inc, which is based in the Nantong Economic and Technological Development Area (NETDA) in East China's Jiangsu province, was listed on the Beijing Stock Exchange on Nov 17. 

This is NETDA’s second company to be listed on the exchange.

Founded in 2013, Ever-tie is focused on the research, development and manufacturing of commercial and industrial LED light fixtures. 

On the day of its listing, the company issued 25.53 million shares and raised 160.33 million yuan ($22.39 million). 

The funds will be invested in a facility that is expected to produce 5 million light fixtures a year, generating sales revenues of 1.5 billion yuan. 

Nantong mayor Wu Xinming noted at the listing ceremony that the city has over the past few years been working to optimize its business environment to be more conducive to the cultivation and growth of listed companies. 

NETDA is currently home to eight listed companies.