Shichang Corporation's listing on the North Stock Exchange will be reviewed on May 30th.
According to the arrangement, Hebei Shichang Auto Parts Co., Ltd.'s listing on the North Exchange IPO will face examination on May 30th. The official website of the North Exchange shows that Shichang's IPO was accepted on June 26, 2024, and entered the inquiry stage on July 24 of the same year. The prospectus shows that Shichang's main business is the research, production, and sales of automotive fuel systems, with its main product being automotive plastic fuel tank assemblies. In this listing attempt, the company plans to raise approximately 171 million yuan, after deducting the issuance expenses, and plans to invest in Zhejiang Xingchang Auto Technology Co., Ltd.'s annual production of 600,000 new energy high-pressure fuel tank project and supplemental working capital projects.
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