New Stock News | Ningbo Joyson Electronic Corp.(600699.SH) Hong Kong IPO has been approved by the China Securities Regulatory Commission.

On September 30, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Filing of Ningbo Joyson Electronic Corp." (600699.SH). Ningbo Joyson Electronic Corp. plans to issue no more than 283,239,000 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. The prospectus shows that Ningbo Joyson Electronic Corp. is a provider of intelligent automotive technology solutions, offering advanced products and solutions in key areas of the automotive parts industry (mainly automotive electronics and automotive safety). The company focuses on the research, development, manufacturing, and sales of automotive parts and ranks forty-first in the global automotive parts industry in 2024. According to data from Frost & Sullivan, the company is the second largest supplier of automotive passive safety products in China and globally by revenue.