China’s TJK Machinery to raise $56m in ChiNext IPO

China’s TJK Machinery to raise $56m in ChiNext IPO

TJK Machinery (Tianjin) Co., Ltd, a reinforcement steel processing machines producer, plans to raise 388 million yuan ($56 million) in an initial public offering (IPO) on the ChiNext board of the Shenzhen Stock Exchange, per a company filing.