New Stock Alert | Ji Shi Jiao's Hong Kong IPO and Domestic Unlisted Shares "Full Circulation" Receive China Securities Regulatory Commission Filing

Stock News01-21 19:08

On January 21, the Department of International Cooperation of the China Securities Regulatory Commission issued the "Filing Notice for the Overseas Issuance and Listing and the 'Full Circulation' of Domestic Unlisted Shares of Shandong Ji Shi Jiao Technology Co., Ltd." The company plans to issue no more than 20.0634 million ordinary shares for overseas listing on The Stock Exchange of Hong Kong Limited. A total of 31 shareholders of the company intend to convert their collective holding of 99,872,436 domestic unlisted shares into overseas listed shares, which will then be traded on The Stock Exchange of Hong Kong Limited. According to its prospectus, Ji Shi Jiao is a provider of AI computer vision solutions in China, offering end-to-end services in solution development, deployment, and management for enterprises across various industries. Data from Frost & Sullivan indicates that, based on 2024 revenue, the company ranked eighth in China's emerging enterprise-level computer vision solutions market. An appendix details the names of the "Full Circulation" shareholders and the quantities of shares being converted.

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