Shenke Slide Bearing Debut On SME Board-Bearing News

Shenke Slide Bearing Corporation debut on the Small and Medium Enterprises (SME) board on November 22nd. Shenke Slide Bearing Corporation (002633), a bearing producer, issued 25 million shares in its IPO. The issue price was set at 14 yuan per share, yielding a P/E ratio of 41.24. The offering will fund the construction of two production lines and an R&D center. Shares of Shenke Slide Bearing Corporation increased 28.36 percent to trade at 17.97 yuan at 13:46.

(CBCC)

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