Recently, Quechen Silicon Chemical Co., Ltd. was preparing for IPO listing and has already in the period of pre-listing tutoring.
On October 8, Quecheng Silicon Chemical submitted the pre-listing tutoring materials to CSRC (China Securities Regulatory Commission) Jiangsu Authority for filing and received a confirmation notice from this authority. Quecheng Silicon Chemical is under tutoring of China Securities Co., Ltd., which started from October 17. According to Quecheng Silicon Chemical, if the company submitted IPO application documents to CSRC or review authority and was accepted, Quecheng Silicon Chemical would suspend its transaction on National Equities Exchange and Quotations.
It is said that the investment of Quechen Silicon Chemical (Thailand) Co., Ltd., a subsidiary of Quechen Silicon Chemical, has a new progress and has been approved by local government of Thailand. This company, registered in Rayong Province with 700 Million THB (about RMB 135 Million Yuan), mainly engages in the research and development of the relevant technologies and products of white carbon black and sodium silicate as well as the production and management of white carbon black products, sodium silicate products and subsidiary products.