OUI Global (TKE.US) plans to list on Nasdaq and has already obtained acceptance of materials from the China Securities Regulatory Commission.
10/11/2023
GMT Eight
On November 10th, the China Securities Regulatory Commission issued the table of domestic companies' overseas issuance of securities and listing filing status (initial public offering and complete circulation). This week (November 6th-10th), OUI Global plans to be listed on NASDAQ and the China Securities Regulatory Commission has accepted the materials.
OUI Global's filing type for listing is indirect overseas listing and the record acceptance date is November 9th, 2023. Beijing Tianyuan Law Firm is its domestic lawyer.
On September 28th, local time, OUI Global (TKE.US) submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) to be listed on NASDAQ. Disclosure shows that the company first submitted confidential documents to the SEC on March 3rd this year.
The prospectus shows that OUI Global is a logistics service provider that offers container truck transportation services. Its clients mainly include large freight forwarders, trading companies, and construction companies. As of the end of last year, the company had a fleet of 214 trucks and 239 trailers, serving the regions of Anhui, Fujian, Jiangsu, Shandong, Zhejiang, and Shanghai.
OUI Global plans to issue 2.5 million Class A ordinary shares at a price of $4 to $6 per share, with a fundraising range between $10 million and $15 million. The company's stock is divided into Class A and Class B, with each Class A share having 1 voting right and each Class B share having 10 voting rights per share.