New stock news | Haier Smart Home's Hong Kong IPO and full circulation of domestic unlisted shares approved by China Securities Regulatory Commission

On July 10, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice on the Record Filing of Anhui Xici Magnetic Technology Co., Ltd.'s Overseas Issuance and Listing and the Full Circulation of Domestic Unlisted Shares." The company plans to issue no more than 26,890,100 shares of overseas common stock and list on the Hong Kong Stock Exchange. A total of 41 shareholders of the company intend to convert a total of 115,218,724 shares of domestic unlisted shares into overseas listed shares and list them for circulation on the Hong Kong Stock Exchange. The prospectus shows that Xici Magnetic Technology is an IDM company in the magnetic sensor industry, and is one of the few companies in the world that has a complete magnetic sensor technology portfolio and vertical integration across the entire industry value chain. This allows the company to provide one-stop magnetic sensor solutions for leading customers in various industries globally, including green energy, new energy vehicles and automobiles, industrial automation and Siasun Robot & Automation, as well as artificial intelligence infrastructure and data centers, among others. According to Frost & Sullivan data, based on projected revenue in 2024, the company ranks sixth among global magnetic sensor IDM companies, tenth among all magnetic sensor companies, with a market share of 0.6%. The names of the "full circulation" shareholders and the conversion quantities are as follows: