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<IPO>Tongbo Technology Applies for HK Listing, Having Introduced BYD as Investor
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Mainland Chinese electrolytic copper foil solution provider Tongbo Technology submitted a listing application to the Hong Kong Stock Exchange. Preliminary prospectus data showed that the company focuses on the design, R&D, production, and sales of high-performance electrolytic copper foil. The lithium battery copper foil produced can be used in various lithium batteries for new energy vehicles, energy storage systems, and consumer electronics. Based on 2024 sales volume, Tongbo Technology is the second-largest producer of high-performance lithium battery copper foil in China, with a market share of 13%, according to market research data. Tongbo Technology, established in 2016, introduced BYD COMPANY (01211.HK), and the fund backed by CATL (03750.HK), as investors in 2022, with BYD holding approximately 3% of its pre-listing shares. AASTOCKS Financial News Website: www.aastocks.com |
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