DCSX has approved the listing of 50 million trade-able shares of Deka International Holding Limited (DCSX Symbol: DKCN) @ USD 1.20 with an initial market capitalization of USD 60 million. Nanjing Zfast Consulting Limited is the mandated Listing Advisor.
Deka International Holding Limited (BVI company No.: 203687) is the holding company of the operating entity Zhejiang DECA Control Valve Meter Co., Ltd., founded in 1980, is a High-tech Enterprise in Zhejiang Province, specializes in designing, developing, producing, and selling control valves, including control valves, gate valves, ball valves, butterfly valves, and other special valves. Located in Juyu Town Industrial Park, Wencheng County, Wenzhou City, the company now has a plant area of 19,000 m2 and a construction area of 20,000 m2.
With control valve production, machining, inspection, and testing equipment, it has established the CAD design center and physical & chemical inspection center to effectively ensure product quality and improve production efficiency. Their products have been awarded 15 national patents and 2 scientific and technological progress prizes in Ruian City. 1 new product has been included in the technology planning in Ruian City and 7 products have passed the new product appraisal in Zhejiang Province. In addition, the company is one of China’s Top 500 Quality Enterprises and a Class AAA Bank Creditable Enterprise.
The Company applied for a tradeable listing of all its presently issued shares but does not raise or will not raise or receive new funds with this listing. However, the Company and/or its shareholders may wish to trade their existing shares through listing on the DCSX, thereby creating liquidity for the Shares. The Group does not exclude the possibility of raising funds through the issuance of new securities in the future and will prepare and declare relevant and necessary documents and procedures under the laws and/or listing rules.
Further details about the business (including the Information Memorandum) can be found on our Markets page on this website under Equities Symbol DKCN.