New Stock News | Haitian Tiancheng Hong Kong IPO Prospectus Invalid
Hantian Tiancheng Electronics Technology (Xiamen) Co., Ltd. (referred to as Hantian Tiancheng) submitted its Hong Kong Stock Exchange prospectus on April 8, which expired after 6 months on October 8.
Hantiancheng Electronic Technology (Xiamen) Co., Ltd. (hereinafter referred to as Hantiancheng) submitted its Hong Kong stock prospectus on April 8, which expired after 6 months on October 8, with CICC as the sole sponsor at the time of submission.
According to the prospectus, Hantiancheng is a leader and innovator in the global silicon carbide (SiC) epitaxy industry. According to a report by Torch Insight, Hantiancheng has been the world's largest supplier of silicon carbide epitaxy by annual sales volume since 2023, with a market share of over 30% in 2024.
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