Eaglerise Electric Plans Hong Kong IPO; Shenzhen Shares Jump 3%

MT Newswires Live11-25

Eaglerise Electric & Electronic China (SHE:002922) plans to launch an initial public offering on the Hong Kong Stock Exchange, according to a Tuesday filing with the Shenzhen bourse.

The listing is subject to approvals from the China Securities Regulatory Commission, the Securities and Futures Commission of Hong Kong and the Hong Kong bourse.

Shares of the LED drivers and LED application products manufacturer rose nearly 3% in recent trade in Shenzhen.

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