MBMC News Flash: Xian Intelligent has reportedly selected investment banks as its sponsors for its Hong Kong IPO | Hong Kong listings of A-share listed companies
Lead Intelligent (300450.SZ), an A-share listed company from Wuxi, Jiangsu Province, has reportedly selected investment banks to arrange its Hong Kong listing, with sources saying its sponsors may include CITIC Securities and JPMorgan Chase.
For this Hong Kong listing, the company plans to raise $500 million and complete the listing as soon as possible within this year. The company said in late January that it planned to list in Hong Kong and canceled its plan to issue global depository receipts (GDR) in Zurich.
Founded in 1999, Lead Intelligent's business covers lithium battery smart equipment, photovoltaic smart equipment, 3C smart equipment, intelligent logistics, automotive production lines, hydrogen energy smart equipment, laser precision processing equipment and other fields. It is a world-leading new energy intelligent manufacturing solution service provider. Its customers include CATL, BYD, Panasonic, LG Chem and others.
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Meishun Meiyin (Hangzhou) Consulting and Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. The two companies share the same actual controller, are under the same Chinese management, and comply with the laws of Hong Kong and domestic regions.
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