China Resources Microelectronics Limited (CR Micro) is listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, on Feb 27. [Photo/wxrb.com]
China Resources Microelectronics Limited (CR Micro) was listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, on Feb 27.
CR Micro was the first red chip enterprise to be listed on the Shanghai Stock Exchange. It was also the first company in Wuxi to be listed on the sci-tech innovation board after the Spring Festival holiday.
The company held a simple ceremony to mark the listing in the lobby of its office building in light of the coronavirus outbreak. Wuxi Party Secretary Huang Qin and CR Micro Vice-Chairman Chen Nanxiang attended the ceremony wearing masks.
CR Micro is a high-tech enterprise under the control of China Resources (Holdings) Co Ltd (CR), engaged in investment, development and operations management of microelectronics business. It is also one of the largest and most influential comprehensive microelectronics enterprises in China.
Fu Yuning, chairman of CR Micro, said via video that landing shares brings new opportunities and challenges. With the development of the new generation of information technology, the application of big data and artificial intelligence, CR Micro will make further contributions to national technological progress and economic development.
The company will focus on the research and development of power semiconductors and intelligent sensor products applied in new economic fields, officials said.
A total of 148 enterprises in Wuxi have been listed on the Shanghai Stock Exchange by now, 85 of which are domestic.
