New stock news | Shenzhen Megmeet Electrical (002851.SZ) submits documents to Hong Kong Stock Exchange
According to the disclosure by the Hong Kong Stock Exchange on June 26, Shenzhen MEGMEET Electrical Co., Ltd. (referred to as MEGMEET, 002851.SZ) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Huatai International and Citigroup as its joint sponsors.
According to the disclosure of the Hong Kong Stock Exchange on June 26, Shenzhen Megmeet Electrical Co., Ltd. (referred to as Shenzhen Megmeet Electrical, 002851.SZ) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Huatai International and Citigroup as its joint sponsors. The prospectus shows that Shenzhen Megmeet Electrical is a leading industrial technology platform in power electronics construction and global operations. Its vision is to become the core foundation of global AI computing power infrastructure and electrification solutions. Anchored by years of deep accumulation in power electronics technology, the company has built a product system around three core technology platforms: power conversion technology, digital power control technology, and system control and communication technology. It has formed six major business segments: power supply, new energy transportation, industrial automation, smart living, intelligent equipment, and magnetic-electric precision manufacturing.
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ASIAPAC FIN INV (08193) released its annual performance results, with shareholders' share of profit amounting to 36.609 million Hong Kong dollars, turning a loss into a profit year-on-year.

US Stock Market Move | Kanzhun Ltd. Sponsored ADR (BZ.US) rose more than 4%, with the amount of stock repurchase exceeding 1.99 billion RMB so far this year.

AI computing power demand continues to be hot! Amazon.com, Inc. (AMZN.US) Cloud computing business AWS once again raised GPU capacity reservation service prices.

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