Lixing Steel Ball completes IPO on the Shenzhen Stock Exchange

Evidence notes

• Lixing Steel Ball completed its IPO on the Shenzhen Stock Exchange with 28 million newly issued A-shares.
• The company later disclosed gross proceeds of RMB 255.64 million and net proceeds of RMB 228.7262 million from the offering.
• The financing supported expansion of high-grade precision steel-ball capacity and a new rolling-element technology research center.