New Stock News | Reportedly, the "King of African Mobile Phones" Shenzhen Transsion Holdings Co., Ltd. (688036.SH) will launch its Hong Kong listing presentation next week, aiming to raise US$400-500 million.

According to media reports citing informed sources, the "King of African Mobile Phones," Shenzhen Transsion Holdings Co., Ltd. (688036.SH), plans to conduct a pre-marketing presentation next week for a Hong Kong listing aimed at raising US$400-500 million. On June 18 this year, Shenzhen Transsion Holdings Co., Ltd. filed with the Hong Kong Stock Exchange for a second time, with CITIC SEC as its sole sponsor. According to the filing notice issued by the International Cooperation Department of the China Securities Regulatory Commission on August 14, Shenzhen Transsion Holdings Co., Ltd. intends to issue no more than 132 million overseas-listed ordinary shares and list on the Hong Kong Stock Exchange. In the first half of this year, the company achieved revenue of RMB 35.431 billion, a year-on-year increase of 21.85%; net profit attributable to shareholders of the listed company was RMB 1.773 billion, a year-on-year increase of 46.22%; and non-GAAP net profit was RMB 1.48 billion, a year-on-year increase of 64.98%.