Suzhou Xinguangyi Electronics (SHE:301687) launched its initial public offering on the Shenzhen bourse, seeking to offer up to 36.7 million shares, according to a prospectus filed Friday.
The polymer film materials company's IPO shares will constitute 25% of the company's entire shareholding following the offer.
Upon completion of the IPO, Xinguangyi's share capital will rise to 146.9 million shares.
CITIC Securities (HKG:6030, SHA:600030) is the sponsor and lead underwriter of the offering.
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