MPR China Certification accompanies IPO of partner company CMCI in Shenzhen
5. December 2023On December 1, 2023, MPR China Certification GmbH, represented by its Managing Director Julian Busch, was the only foreign company to attend the IPO ceremony of CMCI in Shenzhen. China Machinery Huanyu Certification and Inspection Co, Ltd (CMCI) has been active in the field of certification and testing in China for many decades.
The invitation to the IPO (Initial Public Offering) on the Shenzhen Stock Exchange was a great honor for MPR China Certification. The IPO and the festive supporting program provided ample opportunity to discuss the future strategic approaches of CMCI and CCAP with the Managing Director of CMCI, Mr. Fu, and the Managing Director of CCAP, Mr. Ma.
The China Certification Center for Automotive Products (CCAP) is the subsidiary of CMCI and is a leader in issuing CCC certificates and voluntary certificates in the automotive sector in China. MPR China Certification GmbH, based in Germany with its subsidiary China Certification Corporation in the USA, has been working very closely with the China Certification Center for Automotive Products (CCAP) for many years, which is underlined by the fact that the European representative office of CCAP has been established on the premises of MPR China Certification GmbH.
CMCI and CCAP are aiming to further internationalize the business to support manufacturers outside of China and local Chinese manufacturers alike in their expansion.
The IPO was a complete success. The new stock closed the first day of trading in Shenzhen with a price increase of almost 200%.
