New Stock News | Jincun Technology's Hong Kong IPO and "Full Circulation" of Domestic Unlisted Shares Filed with the CSRC

On October 23, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Filing for Overseas Issuance and Listing and 'Full Circulation' of Domestic Unlisted Shares of Shenzhen Jincun Technology Co., Ltd." The company plans to issue no more than 13,053,800 ordinary shares for overseas listing and to list on the Hong Kong Stock Exchange. Forty shareholders of the company plan to convert a total of 102,160,000 domestic unlisted shares they hold into overseas-listed shares. The prospectus shows that Jincun Technology is a leading independent manufacturer of embedded storage products in mainland China, mainly focusing on the R&D, design, testing (as an important part of the production process), and sales of embedded storage products and other storage products. Independent memory manufacturers refer to semiconductor memory manufacturers that do not operate their own memory wafer fabs but instead purchase wafers from external sources. They use their own design, packaging, or testing capabilities to integrate externally purchased wafers and other components to provide diversified storage products.