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Shenghong Technology Responds to Plans for Overseas H-Share Issuance
1 week ago /
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Author：小编
By midday on July 22, Shenghong Technology's share price had declined by over 3%. The previous evening, the company announced its intention to issue H shares overseas and list on the Hong Kong Stock Exchange. The Securities Department of Shenghong Technology clarified that this decision was primarily driven by funding requirements. Despite favorable order conditions, the company faces tight production capacity and an urgent need to expand. Additionally, as a heavy asset-intensive industry, Shenghong Technology has a substantial demand for capital.
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