New stock news | Standard intends to launch a Hong Kong IPO. The China Securities Regulatory Commission requires details on each capital increase and equity transfer, including the contribution prices and pricing basis.

According to the Wisdom Finance APP, on September 5th, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuances and listings (August 29th, 2025 - September 4th, 2025). The CSRC requested that Stend provide additional information on the pricing and basis of past capital increases and equity transfers, whether the capital has been actually paid, and whether there are any flaws such as failure to fulfill capital obligations, capital diversion, and capital contribution methods. According to the Hong Kong Stock Exchange disclosure on June 23rd, Stend submitted an application for listing to the Hong Kong Stock Exchange, with CITIC Securities and Guotai Junan International as its joint sponsors.