New energy materials supplier TSAKER NE Technology Co., Ltd. (1986.HK) announced on Tuesday that its subsidiary TSK Technology has been approved by the Beijing Stock Exchange for listing, which was granted on Monday (25th).

According to the public offering plan, TSK Technology will issue 7.9748 million new shares, accounting for approximately 11.15% of the expanded share capital, with an issue price set at RMB 30.28 per share, expecting to raise approximately RMB 241 million (USD 35 million).

TSAKER NE stated that as of May 2026, the company, through its wholly-owned subsidiary TSK Hong Kong, will hold approximately 67.99% of TSK Technology's equity. After the public offering is completed, the shareholding ratio will decrease to approximately 60.41%, but TSK Technology will still be its subsidiary.

TSK Technology mainly engages in electronic chemicals and new energy materials-related businesses, while TSKER NE primarily focuses on dyes, pesticide intermediates, and new energy materials products. In recent years, the company has actively expanded its new energy materials sector and promoted the independent listing of related businesses.

TSAKER NE's stock price opened lower on Tuesday, reporting HKD 0.95 at noon, down 0.52%, with the stock having risen approximately 20% year-to-date.

Li Shida