Deacons advises Shinelong Automotive Lightweight Application Limited in relation to its Main Board IPO.
The company is a developer and supplier of customised moulds in the PRC, with a focus on moulds for the production of automotive parts which cater for the growing trend of automotive lightweight application, as well as electrical appliance parts. It was the second largest manufacturer of hot-pressing automotive moulds in the PRC in 2018, according to a market research report commissioned by the company.
The company published its IPO prospectus on 17 June 2019, seeking to raise up to approximately HK$145 million (subject to the exercise of over-allotment option). Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 28 June 2019.