BRIEF: Butong passes listing hearing, targets IPO launch by month’s end

Premium nursery products maker Butong Group passed its listing hearing with the Hong Kong Stock Exchange on Thursday, paving the way for it to launch its IPO by the end of this month, according to a Chinese media report.

Citic Securities and Haitong International are underwriting the listing, though Butong has yet to announce any fundraising targets, according to an updated copy of its prospectus filed with the Hong Kong Stock Exchange on Thursday.

The company’s revenue rose 25% year-on-year to 726 million yuan in the first half of 2025 from 582 million yuan in the year-ago period, as its gross margin fell to 49.3% from 50.2% over that time, according to the updated document. Its profit rose 72% to 48.5 million yuan from 28.2 million yuan over that time.

By Doug Young

To subscribe to Bamboo Works weekly free newsletter, click here

, ,
,

Related Articles

RELATED ARTICLES

  1. Hengrui Pharma targets obesity drug launch
    Hengrui Pharma targets obesity drug launch after test success
    1278.HK
    600276.SHG
  2. Its Hong Kong listing advancing, will investors drink up Bama Tea shares?
Discover hidden China stock gems in our weekly newsletter

Follow us

Facebook Twitter Linkedin Weixin Weibo Youtube

Subscribe to Our Free eNewsletter

Subscribe

Check out our content with some of our syndication partners

factiva

Recent Articles

Meta acquires Manus

Meta cuts Manus free from China, as regional lender gets premium bailout

In a landmark validation for Chinese AI, Facebook parent Meta has agreed to buy general AI agent maker Manus. But why is Meta also quite vehement about cutting all of Manus' China ties, both in terms of investors and business activity? And regional Chinese lender Weihai Bank has just received a major cash infusion from its local government in Shandong province. Is this a worrisome sign for investors?
META.US