Huagong Tech

[2][3] On 10 May 2000, HGTECH held its initial public offering becoming a listed company on the Shenzhen Stock Exchange.

[3] In the same year, HGTECH acquired Australian laser cutting equipment provider Farley Laserlab and took over its worldwide marketing network.

[2] In December 2020, the United States Department of Commerce's Bureau of Industry and Security added two labs at HUST to the Entity List for alleged involvement in activities seen as a threat to US national security.

The sanctions severed HGTECH access to advanced US-origin technology as HUST was its ultimate owner.

[2] In November 2023, HGTECH was reported to invest $50 million in building a five-hectare factory in the northern province of Bac Ninh in Vietnam.