1st LED company in Henan debuts on the New Third Board
- By Li Shen
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E-mail China.org.cn, January 22, 2015
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Shi Can, president of SinoCloud, delivers a speech at a ceremony held at National Equities Exchange and Quotations Wednesday in Beijing. [Photo: China.org.cn] |
The New Third Board is a national share transfer system for small- and medium-sized enterprises (known as SMEs) that was officially launched in January 2013 after seven years of trials in several cities.
It is seen as a step toward diversifying China's capital market through nurturing the over-the-counter market that offers millions of small businesses a financing alternative.
Shi Can, president of SinoCloud, told reporters that listing on the New Third Board has solved the company's capital problem, which has allowed it to focus more on management and research and development. In addition, the low capital threshold and small expense of listing are attractive to SMEs. At present, more than 1,700 SMEs trade on the New Third Board.
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