New stock news | Shengwei Era's Hong Kong IPO prospectus is invalid
Shengwei Era Technology Co., Ltd. (referred to as Shengwei Era) submitted its Hong Kong stock prospectus on September 11, 2025, which expired 6 months later on March 11, 2026.
Shengwei Era Technology Co., Ltd. (referred to as Shengwei Era) submitted its Hong Kong stock prospectus on September 11, 2025, which expired after 6 months on March 11, 2026. China Securities Co., Ltd. International was the exclusive sponsor at the time of submission.
According to the earlier prospectus disclosure, Shengwei Era is a provider of online car-hailing services within Chinese cities and intercity road passenger transportation information services. According to data from Frost & Sullivan, the company was ranked 14th in the Chinese online car-hailing market based on Gross Transaction Value (GTV) in 2024. In addition, as of June 30, 2025, the company had undertaken digital road passenger transport projects in 17 provinces, autonomous regions, and municipalities.
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GENSCRIPT BIO (01548) releases annual financial results, with a net loss attributable to shareholders of 533 million USD, a year-on-year shift from profit to loss.
SINOPEC SEG (02386) releases annual results, with shareholders' profit of 1.798 billion yuan, a year-on-year decrease of 27.1%.
CITIC SEC: The impact of rising PET prices is controllable, and beverage companies are expected to reduce hedging costs.
