New stock news | Montage Technology (603986.SH) submits application to Hong Kong Stock Exchange, leading globally in NOR Flash domain.

The Wisdom Financial APP learned that, according to the disclosure of the Hong Kong Stock Exchange on June 19, Zhao Yi Innovation Technology Group Limited (603986.SH) (referred to as Zhao Yi Innovation) has submitted an application for listing on the Main Board of the Hong Kong Stock Exchange, with China International Capital Corporation Limited and Huatai International as its joint sponsors. The company has a leading global market position in the NOR Flash field. According to a report by Frost & Sullivan, based on revenue projections for 2024, the company's NOR Flash business ranks second globally and first in mainland China, with a market share of 18.5%.