NewTimeSpace News: Shenzhen BASiC Semiconductor Co., Ltd. (09971.HK) launches its public offering subscription on 29 June, with each board lot consisting of 200 shares and an entry fee of HK$6,387.78. The indicative offer price range is HK$27.49 to HK$31.62 per share, and approximately 27.38 million shares will be offered globally. Listing is expected on 8 July. According to Frost & Sullivan data, ranked by 2024 revenue, the Company stood sixth in China’s silicon carbide power module market with a 2.9% market share.
NewTimeSpace News: MOMENTA-W (06880.HK) launches its public offering subscription on 29 June, with each board lot consisting of 20 shares and an entry fee of HK$5,971.62. The Company plans to offer approximately 19.93 million shares globally at a fixed Offer Price of HK$295.60 per share, with listing expected on 8 July. The issuer has introduced 14 cornerstone investors including GIC, Fidelity International, BlackRock and Mercedes-Benz Group. Their aggregate subscription totals around US$376 million, accounting for approximately 49.95% of all Global Offer Shares.
NewTimeSpace News: Zhejiang DKE Electronics Co., Ltd. (01770.HK) launches its public offering subscription on 29 June, with each board lot consisting of 50 shares and an entry fee of around HK$5,106.5. The Company plans to offer approximately 5.11 million shares globally, with the indicative offer price range set at HK$78.64 to HK$101.11 per share. Listing is expected to take place on 8 July.
NewTimeSpace News: EACON Group Co., Ltd. (07687.HK) launches its public offering subscription on 29 June, with each board lot consisting of 50 shares and an entry fee of approximately HK$4,440.34. The indicative offer price range stands at HK$81.16 to HK$87.92 per share. Around 26.13 million shares will be offered globally, and the Company is expected to be listed on 8 July. The issuer has introduced 11 cornerstone investors including ZIJINNING, Fidelity International and JPMAMAPL. Calculated at the median offer price of HK$84.54, the aggregate subscription amount totals roughly HK$141 million, accounting for approximately 50% of the total global offer shares.
NewTimeSpace News: After completing record-filing and transitioning from confidential submission to public disclosure, Momenta Global has received supplementary material requirements issued by regulatory authorities. The Company is required to provide explanations covering multiple matters including full compliance of round-trip M&A arrangements, aggregate calculation of shareholdings by connected shareholders, pricing fairness for newly admitted shareholders, qualification compliance for online car-hailing businesses, historical evolution of domestic operating entities and sponsor independence. Legal counsel shall conduct comprehensive penetration verification and issue definitive legal opinions on all aforesaid items.
NewTimeSpace News: HEXIA Technologies Co., Ltd. is required to supplement explanations covering compliance of historical equity changes and capital contributions, fairness of pricing for newly admitted shareholders together with tax payment status, reserved shares in employee shareholding platforms and arrangements for resigned participants, full penetration verification of historical nominee shareholding of the controlling shareholder and assessment of title disputes, compliance with foreign investment access rules, and title status of full-circulation shares during its record-filing procedure for overseas securities offering and listing. Legal counsel shall conduct comprehensive penetration verification and issue legal opinions on all the aforesaid matters.
NewTimeSpace News: XTX Technology Inc. recently received supplementary material requirements issued by regulatory authorities during the record-filing process for its overseas securities offering and listing. The Company is required to provide explanations covering compliance of historical equity changes, screening of shareholding-prohibited entities, compliance of equity incentive plans, compliance of technology export businesses, and title status of full-circulation shares. Legal counsel shall conduct verification procedures and issue definitive legal opinions on all the above matters.
NewTimeSpace News: PRM Technology Co., Ltd. recently received supplementary material requirements issued by regulatory authorities during the record-filing process for its overseas securities offering and listing. The Company is required to provide explanations covering multiple matters including compliance of historical equity changes, fairness of pricing for new shareholders, compliance of equity incentive plans, impacts from the withdrawal of its A-share listing application, inconsistencies in core business descriptions between record-filing documents and the prospectus, connected relationships between shareholders and sponsors, overseas investment procedures, risks arising from fixed asset mortgages, and title status of full-circulation shares. Legal counsel shall conduct verification procedures and issue definitive legal opinions on all above items.
NewTimeSpace News: Shanghai Buy Quickly BMax Technology Services Group Co., Ltd. has received supplementary material requirements issued by regulatory authorities during the record-filing process for its overseas securities offering and listing. The Company is required to supplement disclosures covering the fairness of pricing for newly admitted shareholders, compliance of equity incentive plans, impact of special shareholder rights on control stability, full penetration verification of historical nominee shareholding arrangements and screening of prohibited shareholding entities, filing status of private equity funds among shareholders, basis for identifying controlling shareholders and actual controllers, compliance of AI businesses, foreign investment access rules for internet platforms, personal information protection and data security governance, compliance procedures for overseas investment, impact of pending litigation, and title status of full-circulation shares. Legal counsel shall conduct comprehensive penetration verification and issue definitive legal opinions on all the above matters.
NewTimeSpace News: Jiangsu HSC New Energy Materials Co., Ltd. has recently received supplementary material requirements issued by regulators during the record-filing procedure for its overseas securities offering and listing. The Company is required to clarify whether its completed, ongoing and fundraising investment projects qualify as dual-high (high energy consumption & high emission) projects, as well as evaluate the impact of corporate guarantees, credit facilities and borrowings on the stability of controlling shareholder status. Legal counsel shall conduct full verification and issue definitive legal opinions covering the above matters.
NewTimeSpace News: During the record-filing process for its overseas securities offering and listing, Beijing Wehand-Bio Pharmaceutical Co., Ltd. recently received supplementary material requirements issued by regulatory authorities. The Company is required to elaborate on procedures for overseas investment, risks arising from controlling person’s loan guarantees and share pledges, pricing for newly introduced shareholders, compliance of equity incentive plans, and title status of full-circulation shares, with lawyers conducting verification and issuing clear legal opinions.
NewTimeSpace News: Yueyuan Group Holdings Company Limited submitted its listing application to HKEX GEM on 29 June, with Patrons Securities Limited acting as the sole sponsor. The Group is an established specialist subcontractor engaged in curtain wall engineering, headquartered in Guangdong with an operating history of over 31 years. Based on revenue generated in 2025, the Group captured approximately 0.1% market share in the industry.
NewTimeSpace News: Shanghai Union Technology Corporation submitted its listing application to HKEX on 26 June, with Haitong International acting as the sole sponsor. Per Frost & Sullivan research, by shipment volume in 2025, the Company ranked No.1 among Chinese manufacturers of industrial-grade 3D printing equipment with a roughly 25% market share; measured by revenue, it took fourth place among global suppliers of integrated industrial-grade 3D printing solutions in China.
NewTimeSpace News: Dyness Digital Energy Technology Co., Ltd. filed its listing application with HKEX on 26 June, with Guotai Junan International Holdings Limited acting as the sole sponsor. According to Frost & Sullivan data, measured by shipment volume in 2025, the Company ranked fifth among global residential ESS suppliers with residential ESS shipments of approximately 2.5GWh, and total ESS shipments of around 3.1GWh. In 2025, 95.1% of the Group’s revenue was generated from markets outside mainland China, with its products deployed in over 100 countries and regions worldwide.
NewTimeSpace News: Zhejiang New SORL Auto Parts Co., Ltd. submitted its listing application to HKEX on 26 June, with ABC International acting as the sole sponsor. According to CIC Consulting, the Company secured the No.1 position in China’s commercial vehicle service market both by revenue in 2025 and by the number of operating stores as at 31 December 2025.
NewTimeSpace News: Shenzhen Megmeet Electrical Co., Ltd. (002851.SZ) submitted its listing application to HKEX on 26 June, with Huatai International and Citi acting as joint sponsors. Per data from CIC Consulting, the Company holds leading market positions across multiple niche segments in 2025: ranking No.1 in revenue of commercial display power supplies in China (62.3% market share), No.1 globally in revenue of third-party intelligent air conditioner compressor drive controllers (16.0%), No.1 in sales volume of arc welding robot power sources in China (30.3%), and No.1 globally in revenue of smart toilet OEM/ODM products (8.8%). It is also the first comprehensive power supplier in Chinese mainland to master 800V HVDC megawatt-level rack power system technology.
