Shanghai REFIRE Group Targets HK$797 Million from Hong Kong IPO

MT Newswires Live2024-11-28

Shanghai REFIRE Group (HKG:2570) launched its initial public offering in Hong Kong, seeking to raise as much as HK$796.6 million.

The fuel cells manufacturer is offering 4,827,920 H shares at about HK$145 to HK$165 apiece.

Shanghai REFIRE secured Jiujiang Dingchuang as a cornerstone investor, who committed to subscribe for 300 million yuan of the IPO shares.

The company will determine its offer price on Dec. 4 and disclose the allocations on Dec. 5. It will then start trading on the Hong Kong bourse on Dec. 6, according to a Thursday filing.

Proceeds from the deal will be used for research and development and production capacity expansion of our hydrogen fuel cell systems, expansion of overseas presence, and general corporate purposes.

CICC, CMB International, BNP Paribas, BOCI, and several others are the joint bookrunners of the IPO.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486331414?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2024-11-28 10:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486331414","market":"fut","top_or_hot":-1,"title":"Shanghai REFIRE Group Targets HK$797 Million from Hong Kong IPO","media":"MT Newswires Live","content":"<html><body><p> Shanghai REFIRE Group (HKG:2570) launched its initial public offering in Hong Kong, seeking to raise as much as HK$796.6 million.</p><p>The fuel cells manufacturer is offering 4,827,920 H shares at about HK$145 to HK$165 apiece.</p><p>Shanghai REFIRE secured Jiujiang Dingchuang as a cornerstone investor, who committed to subscribe for 300 million yuan of the IPO shares.</p><p>The company will determine its offer price on Dec. 4 and disclose the allocations on Dec. 5. It will then start trading on the Hong Kong bourse on Dec. 6, according to a Thursday filing.</p><p>Proceeds from the deal will be used for research and development and production capacity expansion of our hydrogen fuel cell systems, expansion of overseas presence, and general corporate purposes.</p><p>CICC, CMB International, BNP Paribas, BOCI, and several others are the joint bookrunners of the IPO.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shanghai REFIRE Group Targets HK$797 Million from Hong Kong IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShanghai REFIRE Group Targets HK$797 Million from Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-11-28 10:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Shanghai REFIRE Group (HKG:2570) launched its initial public offering in Hong Kong, seeking to raise as much as HK$796.6 million.</p><p>The fuel cells manufacturer is offering 4,827,920 H shares at about HK$145 to HK$165 apiece.</p><p>Shanghai REFIRE secured Jiujiang Dingchuang as a cornerstone investor, who committed to subscribe for 300 million yuan of the IPO shares.</p><p>The company will determine its offer price on Dec. 4 and disclose the allocations on Dec. 5. It will then start trading on the Hong Kong bourse on Dec. 6, according to a Thursday filing.</p><p>Proceeds from the deal will be used for research and development and production capacity expansion of our hydrogen fuel cell systems, expansion of overseas presence, and general corporate purposes.</p><p>CICC, CMB International, BNP Paribas, BOCI, and several others are the joint bookrunners of the IPO.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2486331414","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486331414","pubTimestamp":1732760605,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Shanghai REFIRE Group  launched its initial public offering in Hong Kong, seeking to raise as much as HK$796.6 million.The fuel cells manufacturer is offering 4,827,920 H shares at about HK$145 to HK$165 apiece.Shanghai REFIRE secured Jiujiang Dingchuang as a cornerstone investor, who committed to subscribe for 300 million yuan of the IPO shares.The company will determine its offer price on Dec. 4 and disclose the allocations on Dec. 5. It will then start trading on the Hong Kong bourse on Dec. 6, according to a Thursday filing.Proceeds from the deal will be used for research and development and production capacity expansion of our hydrogen fuel cell systems, expansion of overseas presence, and general corporate purposes.CICC, CMB International, BNP Paribas, BOCI, and several others are the joint bookrunners of the IPO.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"上海再火集团香港IPO目标7.97亿港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02570":1},"content_text":"Shanghai REFIRE Group (HKG:2570) launched its initial public offering in Hong Kong, seeking to raise as much as HK$796.6 million.The fuel cells manufacturer is offering 4,827,920 H shares at about HK$145 to HK$165 apiece.Shanghai REFIRE secured Jiujiang Dingchuang as a cornerstone investor, who committed to subscribe for 300 million yuan of the IPO shares.The company will determine its offer price on Dec. 4 and disclose the allocations on Dec. 5. It will then start trading on the Hong Kong bourse on Dec. 6, according to a Thursday filing.Proceeds from the deal will be used for research and development and production capacity expansion of our hydrogen fuel cell systems, expansion of overseas presence, and general corporate purposes.CICC, CMB International, BNP Paribas, BOCI, and several others are the joint bookrunners of the IPO.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.1","shortVersion":"4.32.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486331414"}