Asia
Rongtai Electric Material Refiles Hong Kong IPO Papers
Zhejiang Rongtai Electric Material (SHA:603119) resubmitted its initial public offering for a main board listing on the Hong Kong stock exchange on Monday, according to a Wednesday filing with the Shanghai bourse.The producer of mica-based composite materials originally filed its IPO application on Jan. 29.Proceeds from the deal will be used to expand global production capacity and build smart manufacturing systems. Rongtai said part of the expansion will cover its Thailand bases to serve overseas markets.The latest plan is subject to approvals from securities regulators in China and Hong Kong and the Hong Kong bourse operator.
SHA:603119
