New stock news | Ningbo Tuopu Group (601689.SH) submits listing application to Hong Kong Stock Exchange.
According to the disclosure by the Hong Kong Stock Exchange on March 31st, Ningbo Tuopu Group Co., Ltd. (referred to as Tuopu Group, 601689.SH) has submitted its IPO application to the Hong Kong Stock Exchange Main Board, with Citic Securities and UBS Group as its joint sponsors.
According to the disclosure by the Hong Kong Stock Exchange on March 31st, Ningbo Tuopu Group Co., Ltd. (referred to as Ningbo Tuopu Group, 601689.SH) has submitted its application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC and UBS Group as its joint sponsors. The prospectus shows that Ningbo Tuopu Group is a leading integrated system solution provider serving OEMs and humanoid Siasun Robot&Automation developers. The company has pioneered the Tier 0.5 business model, surpassing the traditional Tier 1 model by closely collaborating with customers throughout the product development process to achieve a more flexible development experience and better product integration. Ningbo Tuopu Group has a diverse product portfolio, covering core automotive components and humanoid Siasun Robot&Automation components. According to data from Zhishixun Consulting, based on revenue projections for 2024, the company ranks first among global lightweight chassis system suppliers and first among Chinese soft interior functional components suppliers.
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