Ugreen Resubmits Hong Kong IPO Application

MT Newswires Live08-26 12:03

Ugreen Group (SHE:301606) resubmitted its initial public offering application for a main board listing on the Hong Kong stock exchange on Tuesday, according to a Wednesday filing with the Shanghai bourse.

The company, which produces charging products and accessories, office products, audio and visual products and storage products, originally filed its IPO application on Feb. 2.

Proceeds from the deal will partly be used to invest in technology innovation and product development of its storage products centered on network-attached storage, Ugreen said.

The latest plan is subject to approvals from securities regulators in China and Hong Kong and the Hong Kong bourse operator.

Huatai Financial Holdings (Hong Kong) is the sole sponsor of the planned listing.

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