New Stock News | Baogai New Material Files Again for Listing on the GEM of the Hong Kong Stock Exchange.

According to the disclosure on April 2nd by the Hong Kong Stock Exchange, Shandong Baogai New Material Technology Co., Ltd. (referred to as Baogai New Material) has once again submitted its IPO application to the GEM Board of the Hong Kong Stock Exchange, with China Tai International as its exclusive sponsor. According to Frost & Sullivan data, by 2024, the company ranks first in the Chinese cable trench cover and GFRP cable trench cover industry in terms of market share, and ranks third in the trench cover industry in terms of market share. According to the prospectus, the company was established in 2009 and has become a professional manufacturer in the Chinese composite material trench cover industry, specializing in the production of GFRP trench cover products mainly used to meet engineering and infrastructure needs.