12 16 12 22 This week s IPO news of Chinese concept stocks

Mondo Finance Updated on 2024-01-30

1. Listed

1. Zhenkun Xing.

On December 15, 2023, Zhenkun Xing, China's leading MRO procurement service platform, was officially listed on the New York Stock Exchange as "ZKH", becoming the first Chinese MRO stock to go to the United States and the largest Chinese concept stock listed in the United States in the past two and a half years. Deutsche Bank, China Renaissance Capital and CICC acted as joint underwriters for the company's initial IPO. The IPO of Zhenkun Bank was 15$5 issue price, 4 million ADS shares, raising $62 million, plus a 15% over-allotment option.

Zhenkun Xing was founded in 2014 and is headquartered in Shanghai. By establishing industry infrastructure, it provides customers with one-stop MRO procurement and management services for industrial supplies, as well as digitalization and fulfillment solutions for upstream and downstream enterprises in the industry. Through the construction of the digital chain of the MRO industry, it serves China's manufacturing industry and the real economy, and helps customers reduce costs, improve efficiency and the digital transformation of the first chain.

2. Chuancheng. On December 19, 2023, Linkage Global Inc., a cross-border e-commerce integrated service provider from FujianChuancheng Global (hereinafter referred to as "Chuancheng") was officially listed on the NASDAQ IPO in the United States, **LGCB. Chuancheng issued 1.5 million shares at a price of US$4**, raising a total of US$6 million. Based on this issue price, the market value of Chuancheng reached 86 million US dollars.

As a comprehensive cross-border e-commerce service provider, Chuancheng Digital Technology integrates import and export, digital marketing, cross-border operation, technology incubation, platform docking, data services, and talent delivery as one of the comprehensive, digital and international platforms, providing cross-border e-commerce enterprises with one-stop services such as product selection, display, training, operation, software, warehousing, etc.

IITo be listed

1. CapitaLand Engineering.

CapitaLand Engineering ***chiu & Lee Partners Construction Co Ltd. from Hong Kong(Chi Ko Holdings Limited, hereinafter referred to as "CapitaLand", "the Company"), the proposed listing entity, is "CKHL" and EF Hutton is the sole underwriter for the offering. Expected in local timeDecember 22, 2023Listed on NASDAQ in the United States. The offering intends to raise 1.74 million shares, with a proposed offering of $4 to $5 and a offering size of $7.83 million (based on the median of the offering**).

As a well-known one-stop construction service provider in Hong Kong, the company has more than 40 years of business history in the construction industry. The Company is principally engaged in foundation and ground formation works (including piling works, excavation and lateral support works and pile cap construction works), general building works and related services (including development, alteration and addition works of superstructures), and other construction works (mainly including demolition works), including offices, hotels, schools, industrial buildings and private residential buildings in Hong Kong.

2. Mingteng International.

Mingteng International Corporation Inc. from Wuxi, Jiangsu(Mingteng International Co., Ltd. *** hereinafter referred to as "Mingteng International"), for "MTEN". Expected in local timeDecember 26, 2023Listed on NASDAQ in the United States.

Mingteng International, as an automotive mold developer and businessman, is mainly committed to providing customers with comprehensive and personalized mold services, covering mold design and development, mold production, assembly, testing, maintenance and after-sales service. Mingteng International's main products are casting molds for turbocharging systems, braking systems, steering and differential systems, and other automotive system parts. In addition, the company also produces molds for new energy electric vehicle motor drive systems, battery pack systems, engineering hydraulic components, etc., which are widely used in manufacturing industries such as automobiles and construction machinery. Mingteng International is the leading business of the main major customers in the auto parts manufacturing industry, and has established long-term business relationships with them, most of which have business relationships with the company for more than 5 years, and the company's customers include 3 Chinese listed companies: Kehua Holdings (603161SH), Best (300580SZ), Lihu shares (300694sz)。

3. Submit the formRoadshow

1. Gaoying Technology.

On December 15, 2023, China's financial industry backtesting software provider Going International Holdings (hereinafter referred to as "Going International Holdings") submitted an IPO application to the U.S. ** Exchange Commission (SEC) last Friday, intending to raise up to $20 million through an initial public offering (IPO) The company plans to list on the NASDAQ, ** is GIT. Headquartered in Hong Kong, we have subsidiaries in Shenzhen, Beijing and Suzhou. Based on the Internet and cloud computing technology, the company mainly provides customers with: high-performance backtesting cloud computing SaaS services, enterprise management SaaS services, and software system development services.

2. Jiliang Group.

Recently, J-Long Group Ltd (hereinafter referred to as "Jiliang Group"), a distributor of clothing accessories from Hong Kong, submitted an updated prospectus to the Securities and Exchange Commission of the United States, planning to be listed on the NASDAQ in the United States, ** as "JL". It secretly submitted the prospectus to the SEC on December 30, 2022, and publicly disclosed the prospectus on October 19, 2023. According to the latest prospectus, Jiliang Group plans to issue 1.4 million shares at $4 to $6 per share**, raising between $5.6 million and $8.4 million. Jiliang Group is a Hong Kong-based apparel accessories distributor that sells reflective and non-reflective garment trim parts, including heat transfer, fabrics, woven labels and tapes, sewing badges, pipes, zippers and drawstrings. With nearly 30 years of experience in the apparel industry, the company serves more than 100 international brands worldwide, including outerwear and sportswear brands, ** and workwear brands, as well as fashion brands.

Related Pages