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Zhejiang Kunbo Precision Technology Co Ltd from Jiaxing, East China's Zhejiang province, is listed on the Beijing Stock Exchange on Nov 23. [Photo/jiaxingren.com]

Zhejiang Kunbo Precision Technology Co Ltd from Jiaxing, East China's Zhejiang province, was listed on the Beijing Stock Exchange on Nov 23, with an issue price of 19.48 yuan ($2.72) per share.

It is the 85th listed company in Jiaxing and the 6th to be listed on the Beijing Stock Exchange.

Kunbo Precision Technology is a high-tech enterprise that provides precision forming parts and monocrystalline silicon growth vacuum furnace bodies for a variety of high-end equipment.

Kunbo Precision Engineering has always emphasized independent innovation and had obtained 21 invention patents and 18 utility model patents as of June 30. It has also been named a national-level little giant company, or novel and elite small and medium-sized enterprise that specializes in a niche market, boasts cutting-edge technologies, and shows great potential.

Its products sell well both at home and abroad and have entered the supplier system of leading manufacturing enterprises.

Kunbo Precision Technology raised 152 million yuan in a recent fundraising campaign, which will be used for the construction of a photovoltaic monocrystalline growth furnace body production line and an R&D center.