China Titans Energy Technology Group Co., Ltd. has been officially listed in the Hong Kong Stock Exchange Main Board today. According to Hong Kong media , the recent global capital market has been in downturn situation, but Hong Kong offer shares have been over-subscribed up to 474 times; the international placing also have been significantly over-subscribed. It became the third most popular new share in this year. Titans stock rose about 40% after official stockjobbing began. It is the first time of new listed shares in this year in Hong Kong Exchanges and Clearing Limited. It fully reflects that the capitals accept the prospects of China Titans Energy Technology Group Co., Ltd.
China Titans Energy Technology Group Co., Ltd. is engaged in the research and development power electronics technology as well as its application. Its product groups include electrical DC power products, charging equipment for electric vehicles, power grid monitoring and control systems, wind and solar power generation balancing control products and high-power LED lighting products etc, totally five categories. A large number of customers are using Titans products, and some of them are even famous in the world, such as: China’s first 750kv substation in east Lanzhou, the Satellite Launch Base for the first manned space flight (Shenzhou series launch base), Three Gorges dam project, Gezhouba hydroelectric power plant, South to North Water Diversion Project, Qinghai-Tibet railway, Tianjin Metro, Zhuliu rail lines, Beijing International Airport, Zhongnanhai Project (central government location), the Beijing Olympics Games and Shanghai World Expos. All our products are related in new energy utilization, low-carbon discharge, energy conversation etc. With the promising market, Titans has received great attention in capital market.
Li, Xinqing, the chairman of Titans, said, “we are very happy that the IPO has received extensive support from the investors. We will continue providing diversified and comprehensive product to meet market demand. And at the same time, we have a strong design, research and development capability. We believe that we will have a foothold in the competitive market, and get sustainable development”.