Two Chinese Companies to Raise Up to $460 Million in Hong Kong Listings

Dow Jones02-05

By Megan Cheah

Two Chinese companies are set to raise up to US$460 million via listings in Hong Kong.

Shenzhen Woer Heat-Shrinkable Material is seeking to raise up to 2.81 billion Hong Kong dollars, or US$359.7 million, in an offering of 140.0 million shares, the company said Thursday.

The tubing manufacturer, which is already listed on the Shenzhen Stock Exchange, set a maximum offer price of HK$20.09 a share.

It said it plans to use the offering proceeds to diversify its product portfolio and expand production capacity in China and Malaysia.

Meanwhile, Beijing Haizhi Technology Group plans to raise up to HK$784.8 million via the sale of around 28.0 million shares.

The artificial-intelligence software company, co-founded by former Baidu vice president Ren Xuyang, set its price range at HK$25.60 to HK$28.00 a share.

Proceeds from the offering will be used for research and development and to optimize its AI agent, the company said.

Both companies aim to finalize their offering prices by Feb. 11, before their Hong Kong shares start trading Feb. 13.

Hong Kong was one of the most active listing venues last year. Funds raised through listings in 2025 totaled HK$285.8 billion, more than triple the amount raised in the prior year, according to data from Hong Kong Exchanges & Clearing.

Write to Megan Cheah at megan.cheah@wsj.com

(END) Dow Jones Newswires

February 04, 2026 21:56 ET (02:56 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Funds raised ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"002130":"沃尔核材","BK0035":"核能核电","BK0214":"IT设备","BK0132":"高送转概念","BK0201":"可转债","BK0181":"保底增持","BK0034":"新能源","BK0077":"质押式回购","BK0188":"融资融券"},"translate_title":"两家中国公司将在香港上市筹集至多4.6亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"002130":0.9},"content_text":"By Megan Cheah \n\n\n \n\n\n  Two Chinese companies are set to raise up to US$460 million via listings in Hong Kong. \n\n\nShenzhen Woer Heat-Shrinkable Material is seeking to raise up to 2.81 billion Hong Kong dollars, or US$359.7 million, in an offering of 140.0 million shares, the company said Thursday. \n\n\n  The tubing manufacturer, which is already listed on the Shenzhen Stock Exchange, set a maximum offer price of HK$20.09 a share. \n\n\n  It said it plans to use the offering proceeds to diversify its product portfolio and expand production capacity in China and Malaysia. \n\n\n  Meanwhile, Beijing Haizhi Technology Group plans to raise up to HK$784.8 million via the sale of around 28.0 million shares. \n\n\n  The artificial-intelligence software company, co-founded by former Baidu vice president Ren Xuyang, set its price range at HK$25.60 to HK$28.00 a share. \n\n\n  Proceeds from the offering will be used for research and development and to optimize its AI agent, the company said. \n\n\n  Both companies aim to finalize their offering prices by Feb. 11, before their Hong Kong shares start trading Feb. 13. \n\n\n  Hong Kong was one of the most active listing venues last year. Funds raised through listings in 2025 totaled HK$285.8 billion, more than triple the amount raised in the prior year, according to data from Hong Kong Exchanges & Clearing. \n\n\n \n\n\n  Write to Megan Cheah at megan.cheah@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 04, 2026 21:56 ET (02:56 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","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":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","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/2609464243","isCrawlerRequest":true}