New Stock News | Hongxin Yu's Hong Kong IPO and the "full circulation" of its domestic unlisted shares have been filed with the CSRC.

On November 6, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Filing for Overseas Issuance and Listing and 'Full Circulation' of Domestic Unlisted Shares of Shenzhen Hongxin Yu Electronics Co., Ltd." The company plans to issue no more than 94,938,700 overseas-listed ordinary shares and list them on the Hong Kong Stock Exchange. The company's 79 shareholders plan to convert a total of 260,514,300 domestic unlisted shares they hold into overseas-listed shares and list them for trading on the Hong Kong Stock Exchange. The prospectus shows that Hongxin Yu is a memory device manufacturer. According to Frost & Sullivan data, in 2025, the company held a 0.6% market share by revenue in the overall global storage product market and ranked 12th among all memory device manufacturers worldwide.