New stock news | Shougang Langzegang's IPO and the domestic unlisted shares "fully circulating" have been filed.

On June 6th, the China Securities Regulatory Commission issued a notice regarding the overseas issuance and listing of Beijing Shougang Longze Technology Co., Ltd. and the filing for full circulation of domestically unlisted shares. Shougang Longze plans to issue up to 114,735,500 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. In addition, 19 shareholders of the company plan to convert a total of 226,548,803 domestically unlisted shares into overseas listed shares and list them on the Hong Kong Stock Exchange for circulation. The prospectus shows that since its establishment in 2011, Shougang Longze has been deeply involved in the global CCUS industry. The company is committed to advancing China's dual carbon goals, helping the world address climate change, and providing green, economical, and high-quality low-carbon products globally. According to data from Frost & Sullivan, as of the last feasible date, the company is the only one in the global CCUS industry to commercialize and scale the production of low-carbon products using validated synthetic biology technology. The company has achieved several breakthrough innovations (such as completing the world's first industrial-scale unit using carbon-containing industrial exhaust gases from steel plants and ferroalloy plants for ethanol and microbial protein production through biological fermentation processes).