New Stock News | Nations Technologies Inc. (300077.SZ) Hong Kong IPO approved by China Securities Regulatory Commission

On December 2nd, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice of Overseas Issuance and Listing Filing for Nations Technologies Inc." Nations Technologies Inc. (300077.SZ) plans to issue up to 145,781,400 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. The prospectus shows that Nations Technologies Inc. is a platform-based integrated circuit design company, committed to providing high-security, high-reliability, and high-integration control chips and system solutions for various intelligent terminals. Relying on software and hardware security architecture, cutting-edge heterogeneous integration solutions, and flexible compatibility and adaptation capabilities, the company has achieved a wide range of product applications in key areas such as consumer electronics, industrial control, digital energy, smart home, automotive electronics, and medical electronics, successfully building a diversified product matrix covering multiple scenarios. According to data from Zuosheri Consulting, based on revenue projections for 2024, the company ranks among the top five Chinese companies in the global platform MCU market, and among the top three Chinese companies in the global 32-bit platform MCU market. According to Zuosheri Consulting data, based on revenue projections for 2024, the company ranks first in the Chinese MCU market with built-in business encryption algorithm modules.