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Local firm listed in HK
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Liu Fuzhong
TECHWAYSON Industrial Ltd, a local automation system developer, started trading on the Growth Enterprise Board in Hong Kong on Wednesday.
The company raised a total of HK$54.6 million through the initial public offering. The company's major product line is a computerized automation control system called the Tailored Control System which optimizes industrial operation.
The company's research, development and marketing functions are based in Shenzhen, where it has an easy access to the markets further inland.
Techwayson went public through its Hong Kong division. Industry experts believe that the company has skilfully mapped out a strategy designed to make the most of being in two locations. Shenzhen, which offers favourable conditions for the development of high-tech firms, gives the company strong support in research, development and marketing. And Hong Kong, with its financial expertise, can help the company raise needed capital, industry experts say.
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