MBMC News Flash: JA Solar, based in Xingtai, Hebei Province, is targeting an A+H dual listing and plans to launch a Hong Kong IPO, with a market value exceeding 41.2 billion yuan | Hong Kong listings by A-share listed companies
A-share listed company Jing'Ao Technology (002459.SZ) from Xingtai, Hebei Province announced that the company plans to issue shares overseas (H-shares) and get listed on the Hong Kong Stock Exchange.
Jing'Ao Technology stated that in order to further promote the company's global development strategy, accelerate the globalization construction of market, supply chain and R&D as a trinity, build an international capital operation platform, enhance the international brand image, and improve the company's capital strength and comprehensive competitiveness, it will fully consider the interests of existing shareholders and the situation of domestic and overseas capital markets, and select the appropriate timing and issuance window to complete this issuance and listing within the validity period of the shareholders' general meeting resolution.
Jing'Ao Technology also announced that the company's board of directors has decided to appoint KPMG Hong Kong as the audit institution for this issuance and listing.
Jing'Ao Technology is a leading global photovoltaic (PV) solution provider. In 2007, Jing'Ao was listed on the NASDAQ in the United States. In 2010, the company extended its industrial chain to the downstream module business, and in 2012, it extended to the photovoltaic power generation business, thus realizing a fully vertically integrated industrial chain. After being privatized and delisted from the US stock market in 2018, it completed its listing on the A-share market of the Shenzhen Stock Exchange in 2019. Jing'Ao Technology has built multiple production bases around the world, with 13 overseas sales companies, and has built a fully vertically integrated industrial chain covering wafers, cells, modules and PV power stations, with more than 50,000 employees. Its product sales and service networks cover 178 countries and regions around the world, and its module shipment volume has ranked among the top in the world for many consecutive years. Jing'Ao Technology was backdoor listed on the Shenzhen Stock Exchange on November 23, 2019 by acquiring Tianlian Industry. As of the closing on February 22, 2025, its total market capitalization is approximately 41.206 billion RMB.
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