Two Anhui-based firms make debuts on NEEQ Select

Two firms in East China’s Anhui province, have recently made their debuts on the NEEQ Select, the country’s newly launched equity market for small and medium-sized enterprises (SMEs).

The NEEQ Select is a new tier of the National Equities Exchange and Quotations (NEEQ), also known as the “new third board”, China’s equity trading system oriented for SMEs.

Highbroad Advanced Material (Hefei) co.and Anhui Jiaxian Functional Auxiliary Co. together raised 687 million yuan, or 7.3 percent of the total funds raised by the first batch of 32 listed firms.

Anhui-based companies have been listed on all boards of the country’s stock market.