Shenghong Technology seeks to raise up to HK$17.5 billion through listing in Hong Kong.

According to the announcement of the Hong Kong Stock Exchange, Shenghong Technology plans to globally issue 83,348,000 H shares, with a maximum offer price of HK$209.88 per share. The stock is expected to start trading on the Hong Kong Stock Exchange on the morning of April 21. According to calculations, the company plans to raise up to HK$17.5 billion.