New Stock News | Wolong Electric Group's (600580.SH) Hong Kong IPO prospectus has become invalid.

15:50 13/02/2026

The Hong Kong IPO prospectus submitted by Wolong Electric Drive Group Co., Ltd. (referred to as: Wolong Electric Drive (600580.SH)) on August 13, 2025 expired 6 months later on February 13, 2026.

The Hong Kong IPO prospectus submitted by Wolong Electric Group Limited (referred to as Wolong Electric Group (600580.SH)) on August 13, 2025 expired on February 13, 2026, after being valid for 6 months. At the time of submission, CICC, Huatai International, and GF SEC (Hong Kong) were joint sponsors. The prospectus states that Wolong Electric Group is a leading global provider of electric drive system solutions, focusing on the research and development, production, sales, and services of electric drive system products and solutions. According to data from Frost & Sullivan, based on 2024 revenue, Wolong Electric Group ranks (i) first in the global market for explosive-proof electric drive system solutions with a market share of around 4.5%; (ii) fourth in the global industrial electric drive system solutions market with a market share of around 2.8%; and (iii) fifth in the global heating, ventilation, and air conditioning electric drive system solutions market with a market share of around 2.0%.

On February 13, SHOUGANG C-NEW (00103) spent approximately HK$113,000 to repurchase 40,000 shares.

HK SH ALLIANCE(01001): Howard Wong has been appointed as an executive director and member of the executive committee.

SINO-OCEAN GP (03377) January contract sales amounted to approximately 11.5 billion yuan.

On February 13, SHOUGANG C-NEW (00103) spent approximately HK$113,000 to repurchase 40,000 shares.

HK SH ALLIANCE(01001): Howard Wong has been appointed as an executive director and member of the executive committee.

SINO-OCEAN GP (03377) January contract sales amounted to approximately 11.5 billion yuan.