Qunhe Technology Hong Kong Stock IPO Received Approval from China Securities Regulatory Commission

One of the "Hangzhou Six Little Dragons" group of nuclear technology companies listed in Hong Kong welcomed a key development. On February 14, the China Securities Regulatory Commission disclosed the "Notice of Overseas Issuance and Listing Record of Manycore Tech Inc.", the company plans to issue up to 312 million shares of overseas listed common stock and list on the Hong Kong Stock Exchange. In August 2025, Manycore Tech updated its prospectus, continuing to promote its listing process on the Hong Kong Stock Exchange, aiming to become the "first global space intelligence company". J.P. Morgan and China International Capital Corporation are the joint sponsors. The prospectus shows that the company has reversed losses and achieved a profit, with a net profit of 17.83 million yuan for the first half of 2025 as of June 30.