March 29 – Three stocks debuted on the ChiNext Board today, reports hexun.com. Masterwork Machinery (300195) offered 25 million shares in its initial public offering (IPO) at an issuance price of 40 yuan per share.

The corresponding price to earnings (P/E) ratio is 53.33. It is expected to raise one billion yuan from the public offering. The company designs and produces printing equipment and post-printing processing equipment.

Jiangsu Changhai Composite Materials (300196) floated 30 million shares in its IPO at an issuance price of 18.58 yuan per share, for a P/E ratio is 46.45. The listing is expected to raise 557 million yuan. The company researches, develops, produces and sells glass fiber products and glass fiber composite materials.

Shenzhen Tech and Ecology and Environment (300197) offered 15.5 million shares at an issuance price of 67.58 yuan per share. The corresponding P/E ratio hit 110.07. The firm anticipates raising 1.04 billion yuan from the listing. Shenzhen Tech and Ecology builds ecology and environment projects.