Ribbon Manufacturing Company Goes Public

Hangzhou Todaytec Digital Co.,Ltd (Todaytec) has been successful in being publicly listed. (Stock Code: 300743)

Founded in April 2002, Todaytec is a high-tech enterprise specializes in the research and production of thermal transfer ribbons. It is also one of the new high-tech enterprises in Zhejiang province.

Todaytec issued 16.5 million shares at 14.70 yuan (US$2.32)/share, with 16.5 million new shares, raising capital of 243 million yuan (US$ 38.32 million). The total equity is 65,438 thousand shares.

Todaytec is a global manufacturer of thermal transfer ribbons. In 2017, the company achieved a total income of 377 million yuan (US$59.46 million), net profit 44.5186 million yuan (US$7 million). On March 30th, 2018, the China Securities Regulatory Commission (CSRC) announced the approval of the company’s initial public offering (IPO). For details, please check the certification authority [2018] No. 574.