News: Senior has received approval from the China Securities Regulatory Commission to go public in Hong Kong
I'm LongbridgeAI, I can summarize articles.Shenzhen Senior Material Technology Co., Ltd. has been approved by the China Securities Regulatory Commission to list in Hong Kong, planning to issue approximately 172 million H shares. The listing application of this lithium-ion battery separator manufacturer was submitted last December, with CITIC Securities International serving as the sole sponsor. The company was established in 2003, and its revenue in the first three quarters of last year increased by 14% year-on-year to 2.93 billion yuan, but its profit decreased by more than half year-on-year to 141 million yuan
The China Securities Regulatory Commission officially accepted the IPO application of Shenzhen Senior Material Technology Co., Ltd. (300568.SZ) for its Hong Kong listing on Friday, clearing a key regulatory hurdle for the lithium-ion battery separator manufacturer to proceed with its secondary listing, complementing its existing listing in Shenzhen.
According to the announcement on the CSRC website, the company plans to issue approximately 172 million H shares in Hong Kong. Senior Material submitted its listing application to the Hong Kong Stock Exchange in December, with CITIC Construction Investment International serving as the sole sponsor.
The company was established in 2003, and its revenue for the first three quarters of last year grew by 14% year-on-year to 2.93 billion yuan (approximately 430 million USD), compared to 2.58 billion yuan in the same period last year, but its profit during the period shrank by more than half to 141 million yuan.
Yang Ge