Sanhua Intelligent Controls gets green light for HK IPO

Zhejiang Sanhua Intelligent Controls (SZSE:002050) announced that it has obtained a filing notice from the CSRC regarding its proposed issuance of overseas listed shares (H shares) and listing on the Hong Kong Stock Exchange. According to the announcement, Sanhua intends to issue no more than 476,916,300 overseas listed ordinary shares. The company will report any significant developments during the process to the CSRC and will announce the completion of the listing within 15 working days of its occurrence. The company states that the filing notice is only a confirmation of the filing information and does not represent any judgment or guarantee by the CSRC regarding the investment value of the securities. The announcement cautions investors to be aware of investment risks, noting that the issuance is still subject to further approvals from Hong Kong regulatory bodies. The original document was released on May 10, 2025.