NASN(02261.HK) Launches Public Offer Today; Board Lot Entry Cost Approximately HK$1,129.27

NewTimeSpace · 2026/07/30 09:54 · By Zehong Cheng

NewTimeSpace News: NASN Intelligent Tech (Zhejiang) Co., Ltd. (02261.HK) opens its public offer on 30 July. Each board lot consists of 100 shares, with an entry cost of roughly HK$1,129.27. The Company plans to globally offer 57.59 million shares within the offer price range of HK$10.42 to HK$11.18, and is scheduled to be listed on 7 August. According to China Insights Consultancy (CIC), the Company is the first domestic enterprise in China to deploy electric brake booster solutions for the commercial operation of L4 autonomous vehicles. Measured by shipment volume in 2025, it ranks among China’s top three domestic suppliers of brake-by-wire solutions and is the second-largest domestic independent third-party supplier.

NewTimeSpace News: NASN Intelligent Tech (Zhejiang) Co., Ltd. (02261.HK) commences its public offer on 30 July 2026 and is expected to be listed on 7 August 2026.

The Company intends to globally offer 57.59 million H-shares, including 5.75 million shares for Hong Kong public offering. The offer price range stands at HK$10.42 to HK$11.18 per share. Each board lot comprises 100 shares, translating to an entry cost of approximately HK$1,129.27. The total fundraising size is about HK$554 million.

The Company develops motion control technologies for intelligent driving and currently provides brake-by-wire solutions, focusing on mission-critical brake-by-wire solutions for autonomous driving. Brake-by-wire technology acts as the "cerebellum" of intelligent vehicles, ensuring safety and advanced development of motion control execution. During the track record period, its steer-by-wire solutions remained under development and generated no revenue.

According to China Insights Consultancy:The Company is the first enterprise in China to apply electric brake booster solutions (NBS solutions) in the commercial operation of L4 autonomous vehicles; it is also the earliest Chinese supplier to supply self-developed electric brake booster solutions to leading domestic EV OEMs. Measured by shipment volume of brake-by-wire solutions in 2025, the Company ranks among China’s top three domestic suppliers of brake-by-wire solutions and stands as the second-largest domestic independent third-party supplier of brake-by-wire solutions.

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