New Stock News | HG Microchip's Hong Kong IPO and the "full circulation" of domestically unlisted shares have been filed with the China Securities Regulatory Commission.

On June 12, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice on the Filing for Overseas Issuance and Listing of Unlisted Shares in the Mainland" for Beijing HiSilicon Technologies Co., Ltd. HiSilicon Technologies plans to issue up to 15,446,200 shares of overseas listed common stock and list them on the Hong Kong Stock Exchange. 33 shareholders of the company plan to convert a total of 76,110,545 shares of unlisted domestic shares into overseas listed shares and list them on the Hong Kong Stock Exchange for circulation. According to the disclosure by the Hong Kong Stock Exchange on May 7th, HiSilicon Technologies has once again submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with Huatai International as its exclusive sponsor. According to the prospectus, the company is a provider of optoelectronic interconnect products, offering optical modules, active optical cables (AOC) (which integrate optical modules and optical fiber cables into a single component for high-speed interconnect) and other products. The company's optoelectronic interconnect products are widely used in AI data centers to support high-speed, high-density, and energy-efficient data transmission. The company differentiates itself through its end-to-end technological capabilities from chip design to optical module manufacturing and focuses on the field of silicon photonics technology. The company's optical module product portfolio covers transmission rates of 100G, 200G, 400G, and 800G, compatible with various industry-standard form factors. All single-mode optical modules with specifications of 400G and above use silicon photonics technology. The company's AOC and other product lines can meet diverse customer needs, generate synergies in the product portfolio, and create cross-selling opportunities.