Yifei Technology Receives Chinese Regulatory Approval for Hong Kong IPO and Share Conversion

Stock News03-13 18:38

On March 13, the Department of International Cooperation of the China Securities Regulatory Commission issued a filing notice regarding the overseas issuance and listing of Zhejiang Yifei Intelligent Technology Co., Ltd. and the "full circulation" of its domestic unlisted shares. Yifei Technology plans to issue no more than 44.7189 million ordinary shares for overseas listing on the Hong Kong Stock Exchange. Additionally, 38 shareholders of the company intend to convert a total of 220,353,968 domestic unlisted shares into overseas listed shares, which will then be traded on the Hong Kong Stock Exchange. According to its prospectus, Yifei Intelligent is an industrial robotics company in China, focusing on the design, research and development, manufacturing, and commercialization of industrial robots, while also providing comprehensive robotics solutions, with a deep focus on light industrial application scenarios. Through its self-developed robot bodies, control and vision systems, and manufacturing processes, the company has established a comprehensive technology ecosystem, enabling large-scale intelligent decision-making, environmental perception, precise manipulation, and autonomous movement. According to a Frost & Sullivan report, based on 2024 revenue, the company ranks as the fifth-largest domestic enterprise among industrial robot and related solution suppliers in China focused on light industrial applications. The same source indicates that Yifei is also one of the few robotics companies in China with the capability to provide large-scale coverage of industrial robots and related solutions.

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