At 9:30 am Eastern Time on the 8th (22:30 Beijing Time on the 8th), Yangzhou Yalian Steel Pipe Co., Ltd. opened trading on the Toronto Stock Exchange in Canada. This is the first company in our city to be successfully listed overseas.
A reporter from this newspaper made a phone call across the ocean yesterday afternoon to interview Yao Suhua, Secretary of the Weiyang District Party Committee, who was promoting investment promotion in Canada. According to reports, Yalian Steel Co., Ltd. issued a total of 80 million tradable shares, and the listing price on that day was 1.5 Canadian dollars (about 10 yuan), and it is expected to raise funds of 120 million Canadian dollars (about 800 million yuan). On the opening day, Canadian investors actively subscribed, and by the close of the next afternoon, the share price had climbed to 1.56 Canadian dollars. On the morning of the 10th local time, a grand celebration was held at the Vancouver headquarters of Yalian Steel Tube to celebrate the successful listing of the company's stock.

According to reports, Yalian Steel Pipe is one of the major investment projects introduced by Weiyang District this year, with a total investment of US$98 million and a registered capital of US$38 million. It mainly produces large-diameter steel pipes for oil and natural gas transmission and urban infrastructure construction. . The project created the "Asian Union Speed" that was registered in the year, the registered capital was all in place, and the implementation was smooth in that year. After it is planned to be put into production around September next year, the annual output of JCOE straight seam submerged arc welded steel pipes will be 200,000 tons, with an annual output value of more than 1.5 billion yuan.

It is understood that the successful listing of the company overseas will promote enterprises to expand investment scale and speed up the development process, and also provides a model for overseas financing of enterprises in Weiyang District. Relevant parties believe that under the current situation of the increasingly severe international financial crisis, Yalian Steel has listed and financed overseas through capital operation and market operation, used the international capital market to develop Weiyang economy, comprehensively improved the level of enterprise management, further improved the level of opening up, and promoted the Enterprise development is of great significance.