Brief: The China Securities Regulatory Commission has approved Nations to be listed in Hong Kong
Chip design company Nations Technology Co., Ltd. has been approved by Chinese securities regulators to list in Hong Kong, planning to sell up to 146 million shares. The company is already listed in Shenzhen, with revenue growth of 13% to 1.17 billion yuan last year, and losses narrowed to 235 million yuan
Chip design company Nations Technologies Co., Ltd. (300077.SZ) has been approved by Chinese securities regulators to list in Hong Kong, paving the way for the company's listing in Hong Kong. The China Securities Regulatory Commission (CSRC) announced the official registration information for the listing plan on its website on Tuesday, stating that Nations Technologies plans to sell up to 146 million shares in the listing.
The company is already listed in Shenzhen and has not submitted any listing applications to the Hong Kong Stock Exchange in the past six months.
According to the filing with the Shenzhen Stock Exchange, Nations Technologies' revenue grew by 13% from 1.04 billion yuan in 2023 to 1.17 billion yuan last year. The company reported a loss of 235 million yuan last year, narrowing from a loss of 572 million yuan in 2023
