Huaming Power Equipment Submits Hong Kong IPO Application

MT Newswires Live03-09

Huaming Power Equipment (SHE:002270) has submitted its application to launch an initial public offering in Hong Kong, according to a Shenzhen Stock Exchange filing over the weekend.

The power equipment manufacturer listed J.P. Morgan Securities and Haitong International Capital as joint sponsors of the planned listing, according to its application proof filed with the Hong Kong bourse operator.

Proceeds from the deal will be used to enhance its R&D capabilities, expand global sales and service networks and bolster its global marketing and branding initiatives, among others.

The plan is subject to approvals from Chinese and Hong Kong securities regulators, as well as from the Hong Kong Stock Exchange.

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