New stock news | Befar Group(601678.SH) Hong Kong IPO prospectus invalid

Befar Group Limited (referred to as Befar Group, 601678.SH) submitted its Hong Kong IPO prospectus on October 22, 2025, which will expire after 6 months on April 22, 2026. Huatai International and Jianyin International were its joint sponsors at the time of submission. According to the previous prospectus, Befar Group is a leading comprehensive chemical group in China, focusing on technological innovation and green low-carbon DRIVE. The company was founded in 1968 and has been deeply rooted in the chemical industry for over 50 years. Befar Group's business areas include chlor-alkali chemicals, C3-C4 chemicals, and wet electronic chemicals, with a comprehensive product portfolio. Core products include caustic soda, epichlorohydrin, MTBE, and electronic grade hydrofluoric acid. According to Frost & Sullivan data, based on 2024 revenue, Befar Group is the largest producer of granular caustic soda, food-grade flake caustic soda, trichloroethylene, tetrachloroethylene, and chloropropylene in China. Based on capacity as of June 30, 2025, the company is the largest private producer of epichlorohydrin in China. Befar Group is also one of the few domestic producers capable of manufacturing electronic grade hydrofluoric acid used for advanced semiconductor processes.