Tengda Technology went public on the Shenzhen Stock Exchange

The Chinese stainless steel fastener manufacturer, Tengda Technology, located in Shandong Province, went public on January 19, 2024, on the Shenzhen Stock Exchange with an initial public offering (IPO). On the first day, the market value of Tengda Company reached 5 billion RMB (approximately 710 million USD), surpassing the previously listed carbon steel fastener manufacturer, Gemyear. Tengda is the first publicly listed company in the Chinese fastener industry in 2024. 

Tengda Technology is going to attend the 14th Fastener Expo Shanghai on March 20th. Booth number 2A602. Alongside Tongming and Aozhan that are both located in Zhejiang Province, Tengda is one of the top three stainless steel bolts and nuts manufacturers in China.