New Stock News | Eastern Science and Technology Stock IPO and domestic unlisted shares "fully circulated" have been filed by the China Securities Regulatory Commission.
On March 30th, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice of Filing for Overseas Issuance and Listing of Zhejiang Dongfang Kemai Electronics Co., Ltd. and Full Circulation of Unlisted Stocks in China".
On March 30th, the International Cooperation Department of the China Securities Regulatory Commission issued a notice regarding the overseas issuance and listing of Zhejiang Orient Holdings Group KEMAI Electronics Co., Ltd. and the "full circulation" filing of domestically unlisted stocks. Orient KEMAI plans to issue up to 9,348,900 ordinary shares for overseas listing and listing on the Hong Kong Stock Exchange. The company's 28 shareholders intend to convert a total of 46,067,139 domestically unlisted shares into overseas listed shares and list them on the Hong Kong Stock Exchange for circulation.
The prospectus shows that, based on revenue projections for 2024, Orient KEMAI is the world's largest commercial end intelligent IoT e-paper display solution provider, with a global market share of 26.3% according to Zhoushi Consulting.
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