Jiangsu Zeyu Intelligent Electric Power Co Ltd, based in the Gangzha Economic Development Zone in Nantong, goes public on the GEM board on Dec 8. [Photo/WeChat account: ntjoy2012]

Jiangsu Zeyu Intelligent Electric Power Co Ltd went public on the growth enterprise market, known as the GEM board, on the Shenzhen Stock Exchange on Dec 8.

It is the ninth company in Nantong in East China's Jiangsu province to go public this year, bringing the city's total number of listed companies to 52.

Zeyu Intelligent Electric Power, based in the Nantong Gangzha Economic Development Zone in Chongchuan district, Nantong, is a high-tech enterprise focusing on electric power informatization businesses. It is a provider of integrated electric power information system solutions.

The funds raised will be used for projects such as smart power grid service capability enhancement, the construction of a smart power grid technology institute, and the development of an information management system.

Nine companies in Nantong have been listed so far this year, including two on the Shanghai Stock Exchange, four on the Shenzhen Stock Exchange and three on the Beijing Stock Exchange.

Nantong has attached great importance to the development of the capital market, and regards the listing of companies as an important driving force behind the high-quality development of the economy. This year, it has further improved the coordination and promotion mechanism for going public to encourage the listing of more companies.