LUXSHARE PRECISION (002475.SZ) announced its intention to list in Hong Kong, stating that it is in discussions with relevant intermediary institutions regarding the specific progress of this H-share issuance and listing.

The details have not yet been finalized, and this H-share issuance and listing will not result in changes to the company's controlling shareholder and actual controller.

LUXSHARE PRECISION, listed on the Shenzhen Stock Exchange, is collaborating with CICC, CITIC Securities, and Goldman Sachs on its planned Hong Kong IPO, Bloomberg cited people with the knowledge of the matter.

The company plans to raise more than USD1 billion through this share sale, with the transaction possibly taking place as early as this year. However, related discussions are still ongoing, and the issuance size and timetable may change.
(A Shares quote is delayed for at least 15 mins.)