New Stock News | Rujie Electronics' listing on the Hong Kong Stock Exchange IPO and the full circulation of shares not yet listed on the mainland are approved by the China Securities Regulatory Commission.
On February 14th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice on the Filing of Overseas Issuance and Listing of Shares of Quectel Electronic Technology (Jiangsu) Co., Ltd. and Full Circulation of Shares Not Listed Domestically".
On February 14th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Filing for Overseas Listing and Domestic Unlisted Shares of GPT Electronic Technology (Jiangsu) Co., Ltd. to be Fully Tradable". The company plans to issue up to 82,203,000 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. 47 shareholders of the company intend to convert a total of 325,634,820 shares of domestic unlisted shares into overseas listed shares and list them on the Hong Kong Stock Exchange for trading.
According to the prospectus, GPT Electronic submitted a prospectus to the Hong Kong Stock Exchange in September 2025, with CICC and GUOTAI JUNAN I as the joint sponsors. GPT Electronic is a global leader and pioneer in the field of wireless sensor SoCs, dedicated to providing innovative sensor chips.
According to a Frost & Sullivan report, based on revenue in 2024, GPT Electronic is the third largest automotive wireless sensor SoC company globally, and is also the largest automotive wireless sensor SoC company in China. With deep domain expertise and a scalable SoC platform, GPT Electronic has successfully applied these innovations in energy storage, industrial electronics, and other high-growth verticals since 2021. GPT Electronic's wireless sensor SoCs provide next-generation capabilities for these industries.
Annex: Names of shareholders participating in the "full circulation" and conversion quantities.
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