New Stock News | Red Avenue New Materials Group (603650.SH) Hong Kong IPO recorded by China Securities Regulatory Commission.
On August 28, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice on the Filing of Overseas Issuance and Listing by Tongcheng New Materials Group Co., Ltd."
On August 28, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice on the Overseas Issuance and Listing Filing of Red Avenue New Materials Group Co., Ltd." The company plans to issue no more than 78,724,900 ordinary shares for overseas listing and list on the Hong Kong Stock Exchange.
According to the prospectus, Red Avenue New Materials Group is a comprehensive new materials service provider in China, focusing on advanced chemical products. The company is mainly engaged in the research and development, production, marketing, sales, and distribution of new chemical materials (referring to materials that are newly developed or improved traditional materials, featuring superior performance or specific functional characteristics).
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