Broad Ocean Motor plans Hong Kong Stock Exchange listing

Zhongshan Broad Ocean Motor (SZSE:002249) is planning to list its H shares on the Hong Kong Stock Exchange. The move aims to enhance the company's global presence, improve its overseas manufacturing and supply chain capabilities, and strengthen its international market competitiveness. Broad Ocean Motor also aims to establish an international capital operation platform and boost its overseas financing capabilities, while improving corporate governance and transparency. The company said the proposed listing will not result in a change of its controlling shareholders or actual controllers. The listing is subject to approvals from the company's board and shareholders, as well as regulatory bodies including the China Securities Regulatory Commission and the Hong Kong Stock Exchange. The company cautioned that the listing is subject to significant uncertainties, and investors should be aware of the investment risks.