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As per an announcement released by the Hong Kong Stock Exchange, Xiamen KeTuo Communication Technology Co., Ltd. is set to issue 10.1 million shares at a price of HK$39.55 per share. The objective is to raise approximately HK$400 million. The company is slated for listing on the Hong Kong Stock Exchange on June 26, with CICC and CMB International Capital acting as the joint sponsors. Since its inception in 2006, KeTuo Communication has dedicated itself to the smart parking domain. Over the years, it has evolved into a comprehensive conglomerate that integrates digital and intelligent parking systems, management services, and parking lot operations. In 2024, it secured the second position in China's smart parking space operation industry, boasting a market share of 3.3%.
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