The A-shares Hefei Metalforming Machine Tool CO., Ltd. (HFW) went listed in the Shanghai Stock Exchange on November 7 with 179.5 million shares in total and the issuance price of 4.26 per share.

Located in Hefei Economic and Technological Development Area, HFM is a leading company in the metalforming industry that specializes in the development, production, sale and service of various kinds of metalforming machineries such as hydraulic presses and mechanical presses.

Since HFM and HFUT signed a comprehensive cooperation agreement in 2006, the two parties have maintained close cooperation and jointly undertaken a host of national programs that forcefully spurred the all-round upgrading of technologies.

The Industrial & Equipment Technology Institute jointly founded by HFM and HFUT in 2013 was another major step toward a greater integration of resources, talents and disciplines that would lead to a win-win outcome.

The listing of A-shares of HFM would serve as another boost to the industry-academic cooperation and the comprehensive development of innovative smart metalforming equipment to meet the increasing demand in metalforming equipment manufacturing, new materials, high-end NC, green engineering vehicles and data mining of industrial technology in China.