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MBMC Flash Report: Summary of Overseas Listing Filing Situations
Recently, the China Securities Regulatory Commission (CSRC) has collectively received applications from 365 domestic enterprises for overseas initial public offering (IPO) or full circulation filing, among which 51 already listed overseas enterprises have submitted separate filing applications for full circulation. Specifically, these applications include 95 applications adopting the direct overseas listing structure (referred to as "H-share structure"), 158 applications adopting the indirect overseas listing via equity control structure (referred to as "red-chip equity structure"), and 49 applications adopting the indirect overseas listing via variable interest entity (VIE) structure (referred to as "red-chip VIE structure", which together with the red-chip equity structure constitutes the "indirect overseas listing structure").
MBMC News Flash: HK Pharma Digital Technology successfully listed on NASDAQ | Hong Kong company listed in the United States
Recently, Hong Kong Pharma Digital Technology Holdings Limited (hereinafter referred to as "HK Pharma Digital Tech"), a Hong Kong-based comprehensive service provider for pharmaceutical cross-border e-commerce supply chains, has successfully gone public on the U.S. NASDAQ with its stock ticker being HKPD. The company had previously planned to complete an IPO on the NASDAQ. Earlier, it submitted a confidential filing to the U.S. Securities and Exchange Commission (SEC) on March 29, 2024, and publicly disclosed its prospectus on October 29.
MBMC Flash News: Nemans has been successfully listed on the Hong Kong Stock Exchange, with Cai Tong International as the sole sponsor.
Recently, Nutras Health Food Holdings Limited (hereinafter referred to as "Nutras") (02530.HK) has successfully been listed on the Main Board of the Hong Kong Stock Exchange.
MBMC Quick Report: Yibin Bank, whose largest shareholder is Wuliangye Group, will conduct its IPO and be listed in Hong Kong on January 13.
Yibin Bank (02596.HK), a city commercial bank from Yibin, Sichuan Province, recently launched its IPO and is expected to be listed on the Hong Kong Stock Exchange on January 13, 2024. China Construction Bank International and ICBC International will serve as its joint sponsors.
MBMC News Flash: New GIO RV has launched its IPO subscription. As China's first listed RV stock, it will be listed in Hong Kong on January 13.
Xinji Ao RV (00805.HK) recently announced its IPO, and is expected to be listed on the Hong Kong Stock Exchange on January 13, 2024, with Huatai International as the sole sponsor. Xinji Ao RV plans to globally offer 240 million shares, accounting for 25% of the total shares after the completion of the offering. Of these, 90% are for international offering and 10% for public offering, with an additional 15% over-allotment option. The offering price ranges from HK$1.24 to HK$1.64 per share, with each board lot consisting of 2,000 shares, and the maximum fundraising amount is approximately HK$394 million.
MBMC Breaking News: Healthway launches its IPO subscription, introduces Hengqin Industrial Investment as a cornerstone investor for its upcoming Hong Kong listing.
Digital healthcare service platform Health Way (02587.HK) recently launched its IPO subscription, and is scheduled to be listed on the Hong Kong Stock Exchange on December 30, 2024. China Construction Bank International is the sole sponsor, while Ridge Capital serves as its financial advisor.
MBMC Breaking News: CATL is reportedly considering a Hong Kong IPO, with expected fundraising of up to $5 billion
Bloomberg reported that CATL (300750.SZ), a leading power battery giant, is considering a secondary listing in Hong Kong and plans to raise at least $5 billion, which would become the largest IPO in Hong Kong since the start of 2021.
MBMC News Flash: Bokang Vision Cloud has received the filing notice for its proposed Hong Kong initial public offering (IPO), with a planned issuance of no more than 133 million shares.
According to the new regulations on overseas listing filing for domestic enterprises that took effect on March 31, 2023, when enterprises choose to list via Hong Kong H-shares, the original "small and large road permits" have become a thing of the past. Enterprises can directly submit their prospectuses for overseas listings, while the "big road permit" will be replaced by a "filing notice".
MBMC News Flash: Wangban Technology (NetClass) has successfully gone public in the United States.
Recently, NetClass Technology Inc. (hereinafter referred to as NetClass Technology for short), the holding company of Shanghai NetClass Information Technology Co., Ltd., a B2B smart education expert based in Shanghai, has successfully listed on the U.S. NASDAQ, with its stock ticker symbol being NTCL. It confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) on June 22, 2022, and publicly disclosed its prospectus on March 28, 2023.
MBMC Quick Report: Xidi Zhijia is rumored to have launched the management non-deal roadshow (NDR) for its Hong Kong IPO.
According to Unicorn Preknow, Cidi Intelligent Driving (Hunan) Co., Ltd. (CiDi Inc., hereinafter referred to as "Cidi Intelligent Driving"), headquartered in Changsha, Hunan Province, recently launched the management non-deal roadshow (NDR) for its upcoming Hong Kong IPO, with an expected fundraising amount ranging from US$100 million to US$200 million.
MBMC Flash Report: Jiayou Holdings and Chongqing Haohan plan to go public in the US via a backdoor listing on SAPC, and have obtained the filing notice
The new filing regulations for overseas listings by domestic enterprises, which took effect on March 31, 2023, explicitly bring both direct and indirect overseas issuance and listing by such enterprises under the full supervision of the China Securities Regulatory Commission (CSRC), and implement a unified filing management system.