DCSX has approved the listing of 15,000,000 trade-able shares of China Chuangbo Machinery Technology Group Limited (DCSX Symbol: CNCB).  SSC Corporate Services Limited is the mandated Listing Advisor.

The Company was incorporated in the British Virgin Islands on 19 August 2019 as the listing (holding) entity of the Operating Company, for its proposed listing on DCSX.  The main operating entity of the Group was established in 2010 and is located in Nanbin Street Industrial Zone, Ruian City, Zhejiang Province, China. The operating entity is an independent manufacturer and supplier of parts and components for use in various types of equipment which contains rotating units. Through years of its business operation, the company always strives for excellence to ensure its product to reach the highest expectation of its customers. Its products are well received by both domestic and international markets and are sold to more than thirty countries around the world such as Germany, the United States, Israel, Russia, Spain, Portugal, Canada, India, the United Arab Emirates, and Pakistan.

The Group’s products are essential parts and components for machinery used in packaging, printing and many other industries. Its key products include aluminium guide roller, arc-shaped rubber roller, airshaft, air drum, safety chucks, magnetic powder brake, magnetic power clutch, permanent magnet synchronous motor, automatic tension controller and pneumatic diaphragm pump. Its products can be used in various types of machinery such as different types of packaging and printing equipment, accumulating and collating machines, paper converting machines, creasing and cutting machines, embossing machines, and many more which are widely used across various industries including printing, packaging, hygiene, paper, film and textile industries.

The Group has a dedicated management team with many years of experience and cofounders who are actively involved in day-to-day management, as well as a team of professional and qualified engineers and workers to safeguard the quality, reliability, and innovation of its products. The Group has the potential for significant future growth by improving its craft and technology to meet the demands of the high-quality parts and components for equipment in various industries.

The company listed on the DCSX for the following reasons:
• To improve the liquidity of the Company’s assets and shares, allowing it to expand its business and achieve long-term growth;
• To explore opportunities to enter into the international market;
• To gain ongoing access to the capital market by listing on the DCSX;
• To provide ongoing transparency to the Company’s shareholders, customers, and other key stakeholders;
• To elevate the Company’s brand image; and
• To enhance the Company’s corporate governance by matching the standard of corporate governance in the international capital market.

Further details about the business will be found on our Markets page on this website under Equities Symbol CNCB, section Company Information.