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Grandway Advised Utimes Automation on IPO Project Approved by SSE
Pubdate：2023.04.03
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On January 18, 2023, Shenzhen Utimes Automation Equipment Company Limited (“Utimes Automation”) was approved by the listing committee of Shanghai Stock Exchange at its 8th meeting in 2023 for its initial public offering of shares and listing on SSE STAR Market.
Founded in 2012, Utimes Automation is mainly engaged in R&D, production and sales of non-standard automated intelligent assembly equipment and test equipment. Utimes Automation is deeply engaged in solutions in the field of lithium-ion battery intelligent manufacturing equipment, and maintains good cooperation relationship with CATL, CALB, EVE and other well-known lithium battery manufacturers. According to the research data of GGII, the market share of Utimes Automation’s film wrapping equipment ranked first in 2021.
Utimes Automation intends to issue not ecxeed 10 million shares and raise RMB 428,017,800, which will be mainly used for new project of R&D and production base to further improve capability of R&D and production as well as competitive advantage.
