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Sieyuan Electric, a Shenzhen-listed grid-equipment maker, plans a secondary listing in Hong Kong after a 665% share surge over five years. The listing aims to enhance international capital access amid rising global demand for grid upgrades. Sieyuan plans to issue new H shares, potentially raising up to 20 billion yuan. The company has faced reputational challenges but remains popular with foreign investors. Proceeds will fund R&D, supply-chain investment, and overseas expansion.
Sieyuan Electric to seek Hong Kong listing
Elon Musk criticized small nuclear reactors, calling them 'super dumb' in a tweet. He emphasized the Sun as a massive, free fusion reactor and argued against investing in tiny reactors on Earth, suggesting they are only suitable for science projects. Musk's comments imply a preference for solar energy solutions.
Changzhou Fusion New Material's shareholder plans to unload stake
