BRIEF: Nsing Technologies gets China’s regulatory nod for Hong Kong listing
Chip designer Nsing Technologies Inc. (300077.SZ) has been approved by China’s securities regulator for a Hong Kong IPO, paving the way for the company to list in the city. The China Securities Regulatory Commission (CSRC) posted its official registration of the listing plan on its website on Tuesday, saying Nsing aims to sell up to 146 million shares in the IPO.
The company, which is already listed in Shenzhen, has not filed any listing applications with the Hong Kong Stock Exchange in the last six months.
Nsing’s revenue rose 13% to 1.17 billion yuan ($166 million) last year from 1.04 billion yuan in 2023, according to its Shenzhen Stock Exchange filings. The company reported a loss of 235 million yuan last year, narrowing from a 572 million yuan loss in 2023.
By Doug Young
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