The International Cooperation Department of the China Securities Regulatory Commission (CSRC) has officially issued a filing notification. This notification confirms that BIREN Technology's application for an Initial Public Offering (IPO) on the Hong Kong Stock Exchange, along with its plan for the "full circulation" of domestic unlisted shares, has been successfully filed for record-keeping purposes.
BIREN Technology has outlined its intention to issue a maximum of 372,458,000 ordinary shares specifically for overseas listing. These shares will subsequently be traded on the Hong Kong Stock Exchange. In a parallel move, 57 of the company's shareholders have expressed their intent to convert a cumulative total of 873,272,024 domestic unlisted shares into shares that are eligible for overseas listing. These converted shares will then be listed and made available for circulation on the Hong Kong Stock Exchange, aligning with the company's strategic expansion and capital-raising efforts.
