Asia
Western Superconducting Technologies Subsidiary to Launch IPO in Beijing
Western Superconducting Technologies (SHA:688122) subsidiary Xi'an Juneng Superconducting Magnet Technology is looking to launch an IPO on the Beijing Stock Exchange, according to a Tuesday filing with the Shenzhen bourse.Juneng Magnet is looking to issue 25 million shares, with an overallotment option for up to 3.8 million shares.The subsidiary will use the proceeds, set at 301.9 million yuan, to fund its superconducting magnet production and research center projects.
SHA:688122
