November 23, 2010, Hangzhou Robam Industrial Group Co., Ltd. launched its initial public offering (IPO) on the Shenzhen Small and Medium-sized Enterprises (SME) board, under the stock code of 002508. SZ. 40,000,000 shares were offered through the exchange’s trading system and raised CNY 962,670,000 in total.
Hangzhou Robam Industrial Group Co., Ltd. was set up in 1979, engaging in production of cooker hood, gas strove, disinfector, electric pressure cooker, and induction cooker. It becomes a forerunner and leader with the longest history, largest production scale, and the most comprehensive range of products in the China kitchen electric products sector, after over 30 years’ development and expansion.
Jingtian & Gongcheng represented the issuer in the listing.