Transsion Holdings (688036.SH), the "King of African Phones," Reportedly to Kick Off Hong Kong Listing Promotion Next Week, Aiming to Raise $400-500 Million

Stock News

Sep 25

Citing people familiar with the matter, media reports say that "King of African Phones" Shenzhen Transsion Holdings Co.,Ltd. (688036.SH) plans to launch a pre-marketing roadshow next week for its Hong Kong listing, targeting $400 million to $500 million.

On June 18 this year, Transsion Holdings filed to the Hong Kong Stock Exchange for a second time, with CITIC Securities as its sole sponsor.

According to a filing notice released by the International Cooperation Department of the China Securities Regulatory Commission on August 14, Transsion Holdings intends to issue no more than 132 million overseas-listed ordinary shares and list them on the Hong Kong Stock Exchange.

In the first half of this year, the company achieved revenue of 35.431 billion yuan, up 21.85% year on year; net profit attributable to shareholders of the listed company was 1.773 billion yuan, up 46.22% year on year; and non-GAAP net profit was 1.48 billion yuan, up 64.98% year on year.

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(688036.SH)</b> plans to launch a pre-marketing roadshow next week for its Hong Kong listing, targeting $400 million to $500 million.<br><br>On June 18 this year, Transsion Holdings filed to the Hong Kong Stock Exchange for a second time, with CITIC Securities as its sole sponsor.<br><br>According to a filing notice released by the International Cooperation Department of the China Securities Regulatory Commission on August 14, Transsion Holdings intends to issue no more than 132 million overseas-listed ordinary shares and list them on the Hong Kong Stock Exchange.<br><br>In the first half of this year, the company achieved revenue of 35.431 billion yuan, up 21.85% year on year; net profit attributable to shareholders of the listed company was 1.773 billion yuan, up 46.22% year on year; and non-GAAP net profit was 1.48 billion yuan, up 64.98% year on year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2328871848.SGD","symbol_name":"Eastspring Investments - China A Shares Growth AS SGD","start_time":0,"source_url":"","article_id":"1133257096","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1133257096","pubTimestamp":1790320692,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Citing people familiar with the matter, media reports say that \"King of African Phones\" Shenzhen Transsion Holdings Co.,Ltd. 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