OREANDA-NEWS. Decheng Technology AG (ISIN: DE000A1YDDM9) has been listed in the General Standard of the Frankfurt Stock Exchange since 28 June 2016. The IPO involved placement of a total of around 0.73 million shares. The total issue volume was approximately €2.55 million. The initial listing price was €3.60 and the issue price €3.50.

ACON Actienbank AG is lead manager and designated sponsor on Xetra, and mwb fairtrade Wertpapierhandelsbank AG is taking the role of the specialist at Börse Frankfurt.

The Decheng Technology Group is a Chinese manufacturer of specialist chemical products and employs a staff of over 100. According to company sources, Decheng primarily produces polyurethane products for use in the textile and leather industry. The Decheng Technology Group has previously sold its products in China only, principally directly to textile and leather manufacturers in Fujian, Guangdong, Zhejiang, Jiangsu, Guangxi and Shanghai.