Zhi Gao Machinery's IPO will be reviewed by the Beijing Stock Exchange on May 30th.

According to the arrangement, Zhejiang Zhigao Machinery Co., Ltd.'s IPO on the Beiex Stock Exchange will face review on May 30th. The official website of the Beiex Stock Exchange shows that Zhigao Machinery's IPO was accepted on June 28, 2024, and entered the inquiry stage on July 25 of the same year. The prospectus shows that Zhigao Machinery is a high-tech enterprise specializing in the research and development, production, sales, and services of rock drilling equipment and air compressors. The company's current attempt to go public aims to raise approximately 395 million yuan, with the net amount after deducting issuance expenses to be used entirely for the construction project of an intelligent drilling machine production line with an annual output of 300 units, the construction project of an engineering technology research and development center, and the supplementary working capital project.