New Stock News | DaHeng Science and Technology Hong Kong Stock IPO Approved by China Securities Regulatory Commission

On July 17th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice for the Overseas Issuance and Listing Filing of Dahon Technology (Shenzhen) Co., Ltd." The company plans to issue no more than 9.1 million ordinary shares for overseas listing and listing on the Hong Kong Stock Exchange. According to the prospectus, Dahon Technology is a globally leading and rapidly expanding folding bicycle company founded by Dr. Hon David T. in 1982, aiming to create sustainable urban travel solutions through innovative engineering and technology. According to data from Torch Insight Consulting, the company ranks first in both the folding bicycle industry in China and globally by retail quantity in 2023, with market shares of 21.1% and 5.6% respectively. The company's product lineup, anchored by popular models like the P8, supplemented by newly developed models, caters to a wide range of consumer needs for urban commuters, adventure seekers, and competitive riders. The company's product range has expanded from folding bicycles to other types, including road bikes, mountain bikes, children's bikes, and electric-assist bikes, highlighting the company's commitment to innovation and responding to market demand. As of September 30, 2024, the company offers over 70 bicycle models.