New Stock IPO | Guomintong Technology Begins Share Subscription Today, Entry Fee 2182 Yuan

SighingCashier · 2026-03-13T00:45:50+00:00

China Zenith Chemical Group(02701)commenced its initial public offering today, offering 95 million H shares at no more than HK$10.8 per share, with a maximum fundraising of HK$1.026 billion. The proceeds will be used to enhance R&D, upgrade products, make strategic investments, and repay bank loans. The shares are expected to list on March 23, with CITIC Securities as the sole sponsor.

SighingCashier

2026-03-13 00:45:50

Abstract generation in progress

Platform-based integrated circuit (IC) design company National Technology (02701) will issue shares from today until next Wednesday (March 18), offering 95 million H-shares. Hong Kong public offering accounts for 10%, and international placement accounts for 90%. The offer price per share will not exceed HKD 10.8, raising up to HKD 1.026 billion.

One board lot of 200 shares, with an entry fee of HKD 2,181.78.

The company plans to use approximately 50.8% of the net proceeds to enhance R&D capabilities, develop new product lines, and improve product performance, including high-performance MCUs, multi-protocol communication chips, professional market chips, and automotive-grade chips; about 9.2% to upgrade existing product portfolios; around 15% for strategic investments and acquisitions; approximately 15% to repay some outstanding bank loans; and about 10% for operating capital and other general corporate purposes.

Shares are expected to list on March 23. The sole sponsor is CITIC Securities.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.