The China Securities Regulatory Commission (CSRC) has approved Boco Testing to apply for an IPO on the ChiNext board.
CSRC agrees to BOCO Testing's application for an IPO registration on the ChiNext board.
On September 20th, the China Securities Regulatory Commission issued a reply approving the initial public offering registration of Beijing Bok Test System Co., Ltd. It is reported that Bok Test plans to list on the ChiNext board of the Shenzhen Stock Exchange, with CITIC SEC as the IPO sponsor, aiming to raise 750 million yuan.
The prospectus shows that Bok Test is a supplier that provides intelligent testing solutions through modern testing and experimental technologies, with main business activities including research, design, manufacturing, sales, and system integration of servo hydraulic testing equipment and automotive testing and experimental equipment.
The main business can be divided into two categories: (1) the company designs servo hydraulic testing system solutions for higher education institutions, research institutes, vehicle manufacturers, and vehicle research institutes, and provides the necessary equipment and technical services to meet customers' testing needs for vibration simulation tests and structural loading tests under different working conditions; (2) the company designs and provides automotive testing and experimental system solutions for vehicle manufacturers, component suppliers, and vehicle research institutes, including the necessary equipment and technical services to meet customers' testing needs for vehicle and component detection and testing.
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