WHDZ sees 9th firm listed

A ceremony is held in celebration of the successful listing of Wuhan Tianyuan Environmental Protection Co. [Photo provided to en.whkfq.gov.cn]

Wuhan Tianyuan Environmental Protection Co was successfully listed on the ChiNext Market of the Shenzhen Stock Exchange on Dec 30, becoming the ninth firm in the Wuhan Economic & Technological Development Zone (WHDZ) and the 91st firm in Wuhan, Hubei province to go public.

Committed to landfill leachate research and water processing for more than 10 years, the "little giant" company has independently created eight core technologies and has 59 patents, and is currently engaged in 300 programs in 21 provinces and cities in China.

Tianyuan currently has 26 holding corporations and 16 subsidiaries, with its sales revenue growing rapidly over the past three years.

The project involved in the initial public offering requires a total investment of 625.43 million yuan ($98.19 million), which will be used in the construction of a sewage treatment plant and a sales center, and the improvement of its production lines and research center.