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【Dynamic News】Victall, invested by TTGG’s parent company Heaven-Sent Capital Management Group, was s

Date: 2020-05-25
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On May 22, 2020, Qingdao Weiao Rail Co., Ltd. (hereinafter referred to as ' Victall') invested by Heaven-Sent Capital Management Group Co.,Ltd., the parent company of TTGG successfully landed on the Shanghai Stock Exchange. The stock ticker is 605001; the issue price is 16.14 per share, and the issue price-earnings ratio is 22.99 times. Victall closed at 23.24 yuan today, a 43.99% increase compared to the issue price, with a market value of 7.024 billion.

 

As a leader in the manufacture of rail transportation equipment in China established in 2007, Victall is a professional manufacturer of modular products and components for high-speed trains, urban rails, and subway vehicles. The main products include interior products, bathroom systems, metal structural parts, modular products and exterior structural parts.

 

According to the prospectus, the funds raised by Victall will be used for the supporting equipment construction of rail transit vehicle in Tangshan, supplementing working capital, supporting equipment construction of rail transit vehicle in Qingdao, R & D center construction and so on. The amount of funds to be invested in each project is 417 million yuan, 250 million yuan, 333 million yuan, and 128 million yuan.

 

According to public information, Victall has participated in the development of China's high-speed trains in a comprehensive way, such as the famous 'Harmony' and 'Fuxing'. With standardized management, leading technology and innovative capabilities, the company has become an important supplier for domestic and foreign well-known rail transportation vehicle manufacturers such as CRRC, Siemens, Bombardier, Alstom and CAF.

 

In recent years, a number of policies have assisted the continuous development of the domestic rail equipment manufacturing industry. Especially the policy of the “Belt and Road” will become a new opportunity for the development of the industry. Through this fundraising, Victall is expected to accelerate the technological development of its products, accelerate 'going out', and achieve global development.

 

Sun Hanben, the chairman of Victall, is full of confidence in the company’ future. He said in his speech at the listing ceremony, 'Successful listing will create a new opportunity for the company, and the capitalization will also open the advanced operation mode of the company. Listing is not the end, but a new start. The company will continue to achieve rapid growth through the implementation of fundraising projects and the enhancement of the ability to innovate and upgrade.'

 

As another case that Heaven-Sent invested in the smart manufacturing field and successfully landed in the capital market, Victall presents Heaven-Sent 's industry focus and in-depth layout of emerging industries. In the future, Silicon Valley Paradise will continue to uphold the investment concept of 'value creation and increment sharing', and use capital to promote the innovation and development of high-tech enterprises.


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