At the 59th review meeting in 2021 held by the Listing Committee of Shenzhen Stock Exchange on September 16, the IPO application submitted by Minglida Precision Machinery Co., Ltd. (MLD) was approved, indicating that MLD will soon issue A shares and get listed on the Star Market of Shenzhen Stock Exchange.

MLD plans to issue no lower than 40 million shares this time to raise funds for its light-weight Al-Mg alloy precision structural parts and plastic parts manufacturing project, R&D construction and to supplement working capital.