Kinwong Electronic Receives Chinese Regulatory Approval for Hong Kong Share Listing

Stock News06-26 18:40

The China Securities Regulatory Commission (CSRC) has issued a filing notice regarding the overseas listing of Shenzhen Kinwong Electronic Co.,Ltd. (ASX: 603228). The company plans to issue up to 125,837,100 overseas listed ordinary shares and list on The Stock Exchange of Hong Kong.

According to its prospectus, Kinwong Electronic is a printed circuit board (PCB) manufacturer driven by technological innovation and known for its comprehensive product portfolio. The company's PCB products provide the foundational connectivity for global clients in sectors including automotive electronics, communications and data infrastructure, smart devices, and industrial controls.

The firm holds a leading position in the automotive electronics PCB sector and has strategically focused on the AI computing field. Automotive electronics serves as a core business pillar for the company. Its automotive PCBs are widely used in areas such as Advanced Driver-Assistance Systems (ADAS), infotainment systems, body electronics, battery management systems, lighting systems, and charging and power distribution systems.

Based on data from a consulting firm, Kinwong Electronic ranked as the world's largest automotive electronics PCB supplier by revenue for the 2024 fiscal year. Seven of the global top ten Tier 1 automotive suppliers are its customers, and its PCB products are extensively used in vehicles produced by the world's top ten automotive groups.

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