Sanhua Intelligent Controls advances Hong Kong IPO plans

Zhejiang Sanhua Intelligent Controls (SZSE:002050) is progressing with its plans for an initial public offering (IPO) of H-shares on the Main Board of the Hong Kong Stock Exchange. The company originally filed its application with the HKEX on January 15, 2025, and received approval from the China Securities Regulatory Commission (CSRC) on May 9, 2025. The Hong Kong Stock Exchange Listing Committee reviewed the application on May 22, 2025, with the post-hearing information pack published in accordance with exchange regulations. The company has made the post-hearing information pack available on the HKEX website. However, final approval from the Hong Kong Securities and Futures Commission and the HKEX is still pending, and the company advises investors to exercise caution.