New Stock News | Tinci Materials (002709.SZ) Hong Kong IPO Expected to Raise Up to Approximately HK$5.5 Billion

Zhito Finance APP has learned that Tinci Materials (002709.SZ) is pursuing an IPO in Hong Kong, with reports suggesting it aims to raise approximately US$500 million to US$700 million (approximately HK$3.92 billion to HK$5.49 billion). According to a disclosure by the Hong Kong Stock Exchange on March 27, Tinci Materials has once again submitted a listing application to the Main Board of the Hong Kong Stock Exchange, with JPMorgan, CITIC Securities, and GF Securities serving as its joint sponsors. In September, Tinci Materials received a filing notice from the China Securities Regulatory Commission, confirming its plan to issue no more than 413 million overseas-listed ordinary shares and list on the Main Board of the Hong Kong Stock Exchange.