New stock news | Fengjiang Intelligent Port's IPO prospectus invalidated

FJD Inc. (referred to as "Fujian Intelligent") submitted its Hong Kong stock prospectus on September 26, 2025, which was valid for 6 months and expired on March 26, 2026. Morgan Stanley and CICC were joint sponsors at the time of submission. According to the previous prospectus disclosure, Fujian Intelligent is a Siasun Robot & Automation solution provider with a core focus on digital modeling in the real world. Its business covers multiple industries such as agriculture, animal husbandry, construction, and property management. In the global agricultural Siasun Robot & Automation market, the company has become the third largest supplier of agricultural automatic navigation system kits and the second largest supplier of aftermarket agricultural automatic navigation system kits, with market shares of about 8.5% and 16.9% in 2024, respectively.