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Guangzhou Office Advises Guangzhou GRG Metrology & Test Co., Ltd. on NEEQ Listing

On May 13, 2015, Guangzhou GRG Metrology &Test Co., Ltd. (“GRGT”, stock code: 832462), a subsidiary of Guangzhou Radio Group, was successfully listed on the National Equities Exchange and Quotations (“NEEQ”) system. GRGT thus became the first NEEQ-listed state-owned enterprise in Guangzhou.  

A Guangzhou-based team comprising capital markets attorneys Zhang Zhike, Wang Hongsheng, Xu Lili advised GRGT on the listing. 

GRGT is the third public company fostered by Guangzhou Radio Group. the listing will not only help improve its popularity and reputation, open up financing channels and elevate the company’s management level, but will also standardize its management and operation and continuously improve its core competitiveness. 

GRGT is one of the most competitive calibration and testing institutions and one of the top 100 electronic information enterprises in China. It has gained certifications from national laboratory, national defense laboratory, laboratory for military use, CMA and CMAF. As a new- and hi-tech enterprise included in the National Torch Plan, GRGT is capable of providing one-stop services such as metering and calibration, reliability and environment testing, hazardous substance testing, technical training and consulting, product certification and testing equipment development. It has established a countrywide technical and service assurance network composed of 14 testing bases in Guangzhou, Changsha, Wuhan, Beijing, Tianjin, Wuxi, and Zhengzhou and more than 30 branches. 

After being listed on the NEEQ system, GRGT will tap the capital markets and invest more on R&D and innovation. It will improve the capacities of its labs and broaden its service network and ultimately turn itself into a first-class service provider.