SAIC Capital has scored an exit less than two years after it invested in the now publicly-listed intelligent manufacturing technology provider.
China-based manufacturing technology producer Shanghai SK Automation Technology has gone public in a RMB733m ($105m) initial public offering, achieving an exit for automotive manufacturer SAIC Motor, DealStreetAsia reported on Tuesday.
The company floated on Shanghai Stock Exchange’s Star Market on Tuesday, issuing approximately 18.9 million shares priced at RMB38.77 each. Dongxing Securities was lead underwriter for the offering.
SK Automation provided intelligent manufacturing technology for use in the production of cars and other vehicles in addition to automotive components. SAIC…
