Guangzhou Guanghe Technology Launches Global Public Offering

Guangzhou Guanghe Technology has initiated its public offering today, which will continue until next Tuesday. According to RTHK, the company is offering 46 million H shares globally, with 10% available for public sale in Hong Kong and the remainder for international placement. Each lot consists of 100 shares, priced at no more than 71.88 yuan per share, with an entry fee of approximately 7,260.5 yuan. The company aims to raise up to 3.31 billion yuan, allocating nearly 20% of the net proceeds to the second phase of its Thailand base. Approximately 52% will be used for expanding and upgrading production facilities at its Guangzhou base. Around 10% will enhance research and development capabilities in material technology, production process improvements, and product development. Over 8% is designated for strategic cooperation, investment, or acquisition projects, while about 10% will be used for operational capital and general corporate purposes. Guangzhou Guanghe Technology specializes in the research, production, and sales of customized printed circuit boards for computing power servers and other computing scenarios. The shares, identified by the stock code 1989, are expected to be listed on the main board next Friday.