Red Avenue New Materials Group Files for Hong Kong Main Board Listing

Stock News02-08

According to a February 8 disclosure by the Hong Kong Stock Exchange, Red Avenue New Materials Group Co., Ltd. has submitted a listing application for the main board. Guotai Junan International and Haitong International are acting as the exclusive sponsors.

The prospectus reveals that Red Avenue New Materials Group is a leading comprehensive new materials service provider in China, specializing in advanced chemical products. The company is primarily engaged in the research and development, production, marketing, sales, and distribution of new chemical materials. During the track record period, the company's main business consisted of three segments: (i) electronic materials; (ii) rubber additives for tires and other chemical products; and (iii) fully biodegradable materials.

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