New stock news | Bao Feng Tang's Hong Kong IPO prospectus invalid

Zhuhai Baofengtang Semiconductor Co., Ltd. (referred to as Baofengtang) submitted its Hong Kong IPO prospectus on September 30, 2025, which expired after 6 months on March 30, 2026. When submitting the prospectus, CMSC International served as its exclusive sponsor. The prospectus shows that Baofengtang is a manufacturer of plasma processing equipment, specializing in the research and development, manufacturing, and sales of plasma processing equipment used in high-tech electronic fields such as PCB and semiconductor manufacturing. Its business covers mainland China, Southeast Asia, North America, and Europe. The company's equipment mainly includes plasma residue removal equipment widely used in PCB manufacturing, consumer electronics, and other industries; semiconductor dry etching equipment and dry etching equipment, as well as plasma residue removal equipment for semiconductor packaging; and loading and unloading equipment for plasma residue removal equipment.