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China’s Zhida Weighing HK$1 Billion Hong Kong IPO This Year, Sources Say
- Firm is working with Shenwan Hongyuan on potential share sale
- Zhida Technology could file a prospectus as early as this week
Shanghai Zhida Technology Development Co., a maker of electric-vehicle charging systems, is considering an initial public offering in Hong Kong that could raise about HK$1 billion ($128 million), according to a person with knowledge of the matter.
The Chinese company is working with Shenwan Hongyuan Group Co. on a first-time share sale that could take place as early as this year, the person said, asking not to be identified as the information is private.