New Stock News | Yundong Smart Files for Hong Kong Stock Exchange
According to the Hong Kong Stock Exchange disclosed on January 19, Hangzhou Yundong Intelligent Automobile Technology Co., Ltd. (referred to as "Yundong Intelligent") has submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with China International Capital Corporation Limited as its sole sponsor.
According to the disclosure of the Hong Kong Stock Exchange on January 19th, Hangzhou Yundong Intelligent Automobile Technology Co., Ltd. (hereinafter referred to as Yundong Intelligent) submitted its listing application to the main board of the Hong Kong Stock Exchange, with CICC as its exclusive sponsor. According to the prospectus, based on a report by Frost & Sullivan, Yundong Intelligent is a leading domestic supplier in the industry of intelligent connected solutions for vehicles in China. Yundong Intelligent's solutions are crucial for the transformation of the automotive industry towards software-defined cars, a trend driving the increasing demand for advanced communication technologies such as 4G, 5G, satellite communication, while the application of car networking technology is also becoming increasingly popular.
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