Enjoyor Technology Group is preparing for listing on the to-be-established Growth Enterprise Board of the Shenzhen Stock Exchange.
The company was built in Hangzhou Hi-tech Industry Development Zone (HHTZ), Zhejiang Province in 1992 and is mainly engaged in building of intelligent traffic, medical, educational, security, financial and office systems.
According to the market advisor CCID Consulting it became China’s No. 1 digitalized mobile medical solution provider in 2007 in terms of comprehensive strength.
In February 2009, Intel Capital, the investment arm of Intel, capital (quantity unannounced) into the Chinese company. Meanwhile, the two parties signed an agreement about cooperation in software innovations and solution optimization.
Analysts say the financial standards for GEB firms are lower than those for SMEs.
Of the over 400,000 firms located in China’s 56 high-tech development zones, more than 3,000 are capable of gaining revenue of RMB 100 million a year, respectively, including 1,000 or so eyeing the GEB listing.
Trading Markets states that at the moment six HHTZ-based companies plan to IPO as the first-batch GEB members, and about 20 such companies are expected to go public on the board in the near future.
In addition, an investment center was established in HHTZ last year to provide capital services for local high-tech companies. By far, the center has taken in 96 members of which 66 are pure investment institutions.