Photo taken on Nov. 12, 2020 shows the night view of the Lujiazui area of Pudong, east China's Shanghai. (Xinhua/Wang Xiang)
BEIJING, March 17 (Xinhua) -- Chinese firms Gotion High-tech Co., Ltd. (002074.SZ) and Lepu Medical Technology (Beijing) Co., Ltd. (300003.SZ) announced simultaneously on Wednesday the plans to issue Global Depository Receipts (GDRs) overseas and list on the SIX Swiss Exchange, reported Shanghai Securities News Thursday.
The move will help the company attract overseas investors and promote the international development of business, said Pu Zhongjie, chairman of Lepu Medical Technology (Beijing) Co., Ltd.
The issuance and listing of GDRs will help Gotion High-tech Co., Ltd. expand the global market share of its products, as well as its capacity of overseas financing, according to the company, a world's leading power lithium battery manufacturer.
In terms of corporate governance, Guoxuan High-tech Co., Ltd. has previously introduced Volkswagen as a strategic investor, and the GDRs listing will also help further optimize the company's equity structure.
(Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)
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