AllBright Client Orient Cable Listed on Shanghai Stock Exchange2014-10-203174
On October 15, 2014, AllBright’s client, Ningbo Orient Cable Co., Ltd. began its trading on the main board of Shanghai Stock Exchange. Stock code: 603606.
Orient Cable is a professional provider of design, manufacturing, installation and services related to land and subsea cables. Orient Cable’s products are used by leading global energy companies and subsea service providers in harsh environments. Orient Cable is most known for its competitiveness in the subsea cable market.
Orient Cable issued 35.35 million shares, including 31.35 million new shares and 4 million existing shares, at a price of 8.2 RMB per share to raise 257 million RMB.
AllBright partners Shawn Zhang and Lao Zhengzhong as well associates Liang Jin, Ding Tian, Deng Fei, and Cheng Ziyi formed the AllBright team to advise the client throughout the offering.