New Stock News | Jin Sheng New Energy Second Delisting Plan on Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on May 18, Guangdong Jinsheng New Energy Co., Ltd. (referred to as Jinsheng New Energy) has submitted an IPO application to the main board of the Hong Kong Stock Exchange, with CICC and CMB International as its joint sponsors. The company had previously filed with the Hong Kong Stock Exchange on December 20, 2024. The prospectus shows that Jinsheng New Energy is a lithium battery recycling and reutilization company, providing a range of reutilization products, mainly including lithium carbonate, nickel sulfate, and cobalt sulfate. According to a Frost & Sullivan report, based on the sales revenue of reutilization products by 2025, the company is the world's second largest lithium battery recycling and reutilization enterprise, as well as the world's largest third-party lithium battery recycling and reutilization enterprise.