New stock news | Shengwei Era's Hong Kong IPO prospectus is invalid

06:16 11/03/2026

Shengwei Era Technology Co., Ltd. (referred to as Shengwei Era) submitted its Hong Kong stock prospectus on September 11, 2025, which expired 6 months later on March 11, 2026.

Shengwei Era Technology Co., Ltd. (referred to as Shengwei Era) submitted its Hong Kong stock prospectus on September 11, 2025, which expired after 6 months on March 11, 2026. China Securities Co., Ltd. International was the exclusive sponsor at the time of submission. According to the earlier prospectus disclosure, Shengwei Era is a provider of online car-hailing services within Chinese cities and intercity road passenger transportation information services. According to data from Frost & Sullivan, the company was ranked 14th in the Chinese online car-hailing market based on Gross Transaction Value (GTV) in 2024. In addition, as of June 30, 2025, the company had undertaken digital road passenger transport projects in 17 provinces, autonomous regions, and municipalities.

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