Crown New Materials Technology (SHE:001381) on Wednesday filed a prospectus for an initial public offering on Shenzhen's main board of 56.3 million A shares, representing about 12.01% of its total post-issuance share capital.
Proceeds will fund the functional composite materials producer's expansion and industrialization projects, a research and development center, and working capital, according to the prospectus.
China International Capital serves as lead underwriter.
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