Sheng-Hong Electric has announced that its subsidiary, Suzhou QunCe Technology Co., Ltd., has submitted its listing application documents to the Main Board of the Hong Kong Stock Exchange. This IPO aims to expand business operations and seek new growth opportunities.
1. Name of the subsidiary applying for listing and trading in an overseas securities market:
Suzhou QunCe Technology Co., Ltd. (hereinafter referred to as "Suzhou QunCe")
2. Relationship with the company and shareholding (or capital contribution) ratio:
Through its subsidiary UNIMICRON HOLDING LIMITED and its invested subsidiary Suzhou QunYe Enterprise Management Co., Ltd., the Company holds a total of 1,322,543,031 shares of Suzhou QunCe, accounting for 90.44% of the total share capital of Suzhou QunCe.
3. Date of submission of application documents for listing and trading in an overseas securities market: June 8, 115 (Republic of China calendar)
4. Exchange for the application of listing in an overseas securities market: Main Board of The Stock Exchange of Hong Kong Limited
5. Other matters that should be stated:
This listing case has been resolved and approved by the Annual General Meeting of Shareholders for the 115th year held on May 29, 115.
FACT BOX
- Source: PR Times
- Category: Funding
- Organizations: UNIMICRON HOLDING LIMITED
- Products / services: Electronic Components
FAQ
What kind of company is Sheng-Hong Electric?
Sheng-Hong Electric is a company focused on manufacturing electronic components, and its subsidiary, Suzhou QunCe Technology Co., Ltd., is applying for listing in Hong Kong.
Why is Suzhou QunCe Technology applying for listing?
The primary purpose of applying for listing is to raise capital to support the company's future business expansion and development.
Why was Hong Kong chosen as the listing location?
As an international financial center, Hong Kong has a mature capital market and a broad investor base, which is conducive to attracting international capital and enhancing the company's visibility.
What percentage of Suzhou QunCe does Sheng-Hong Electric hold?
Sheng-Hong Electric holds a total of 1,322,543,031 shares of Suzhou QunCe through its subsidiaries, accounting for 90.44% of the total share capital.
What is the significance of this listing application for shareholders?
For Sheng-Hong Electric, it represents confidence in the subsidiary's development and potential investment returns; for potential investors, it offers a way to participate in the growth opportunities of the electronic components industry.