New stock news | China Exploration & Development Company plans Hong Kong IPO, currently inviting bids for intermediary services financial printing service provider selection project.

China Exploration Resources Exploration Technology Co., Ltd. (referred to as "CNERC"), is planning to list in Hong Kong. Currently, they are soliciting bids for the Hong Kong IPO intermediary services (financial printing services selection) project, and other intermediary selections have not yet been publicly announced. According to the public tender announcement, the requirements for the CNERC Hong Kong H-share IPO intermediary services (financial printing services selection) project include that bidders must have more than 3 years of experience providing services such as announcement, circulars, annual reports, ESG reports production, typesetting, translation, and printing for Hong Kong-listed companies' daily operations (provide a commitment letter); performance-wise, bidders must have provided financial printing services to no less than 2 (including 2) successful companies on the Hong Kong main board IPO listings from January 1, 2022, to the present (based on the prospectus display time). Information shows that CNERC is an important holding subsidiary of Anhui Huaihai Industrial Development Group Co., Ltd., a subsidiary of the Anhui Provincial State-owned Assets Supervision and Administration Commission. The company has a registered capital of 101.6947 million yuan, with nearly 600 employees, 34% of whom are professional technical personnel, including more than 100 registered engineers such as first-level structural engineers, geotechnical engineers, and first-level construction engineers. The company has core technologies such as grouting sinking, directional drilling, gas treatment, solid waste disposal, deep foundation pit support, and has obtained more than 100 utility model patents and more than 30 invention patents. The company has four major regional business divisions in Central China, East China, North China, Southwest China, Northwest China, as well as five professional departments in geological exploration, special drilling, geotechnical environmental, geophysical exploration, and surveying institutes (engineering survey institutes), providing customers with specialized services such as geological exploration, grouting sinking, disaster management, geotechnical engineering, environmental management, geophysical exploration, surveying engineering, and engineering survey.