NCS Testing, a company invested by ZGC Development Group, has successfully passed the review of IPO.

On September 19, NCS Testing Technology co., Ltd. ( “NCS Testing” ), invested by ZGC Development Group, has successfully passed the review of IPO.

NCS Testing, a holding subsidiary of China Iron & Steel Research Institute Group (CISRI), mainly engages in material testing services, R&D and sales of material testing instruments, including detection of chemical compositions in metal materials, verification of mechanical properties, analysis of material failures, non-destructive testing, measurement and calibration, and etc. In May 2013, the Group invested 15 million yuan in NCS, accounting for 3.4959% of its total shares. On February 23, 2017, the entrustment share of Zhongguancun Management Committee, worth 9 million yuan,held by the Group, exited from NCS Testing.

It is reported that NCS Testing plans to be listed on the Growth Enterprise Market (GEM) of Shenzhen Stock Exchange. It plans to issue no more than 62.05 million new shares to raise 258 million yuan, of which 168 million yuan will be used for the projects of analysis & testing and instrument production by NCS Jiangsu Testing Technology Research Institute co., Ltd., 40 million for the construction project of Chengdu Testing Laboratory, 20 million for the projects of material evaluation and innovation capacity building and 30 million for a project of marketing and service cloud platform.

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