New Stock News | Topu Numerical Control's Hong Kong IPO and domestic unlisted shares "fully circulating" have been registered with the China Securities Regulatory Commission.

On April 17th, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice on the Overseas Issuance and Listing of Shanghai Toplo Digital Control Technology Co., Ltd. and the 'Full Circulation' Filing of Unlisted Shares in the Domestic Market". Toplo Digital Control plans to issue no more than 442,837,590 shares of overseas listed common stock and list them on the Hong Kong Stock Exchange. 44 shareholders of the company plan to convert a total of 306,142,904 unlisted shares in the domestic market into overseas listed shares and list them for circulation on the Hong Kong Stock Exchange. It is reported that Toplo Digital Control submitted its listing application to the Main Board of the Hong Kong Stock Exchange on November 26, 2025, with GUOTAI JUNAN I and China International Capital Corporation Limited serving as joint sponsors. The prospectus shows that Toplo Digital Control is a large enterprise in China specializing in the research, design, production, and sales of high-end intelligent manufacturing equipment (mainly five-axis computer numerical control "CNC" machine tools). The company focuses on the research and development of five-axis CNC machine tools to meet the advanced manufacturing needs of the Chinese aerospace industry. According to the Zhushi Consulting report, in 2024, Toplo Digital Control ranked first in the Chinese aerospace five-axis CNC machine tool market with a market share of 11.6%, ranking fifth among all suppliers in the Chinese five-axis CNC machine tool market and third among domestic suppliers with a market share of 4.3%.