ACM Research Plans Hong Kong Listing

By Chris Stiles • Friday, April 17 14:04 • Permanent Link

ACM Research (Shanghai) said it is planning to issue overseas-listed H shares and seek a listing on the Hong Kong Stock Exchange, a move the company said is aimed at expanding its international reach and strengthening its capital base.

The company said the proposed listing would not change its controlling shareholder or actual controller. It is still in discussions with intermediaries on the specific structure and timing of the transaction, and no final details have been set.

The plan still faces multiple approvals. ACM Shanghai said the proposal would need review and approval by its board and shareholders, along with filings or approvals from regulators including the China Securities Regulatory Commission, the Hong Kong Stock Exchange and Hong Kong’s Securities and Futures Commission.

The company did not disclose any financing target, share count, pricing, or timetable for the offering. As a result of these announcements, the company's shares have moved -9.76% on the market, and are now trading at a price of $41.185. For the full picture, make sure to review ACM Research's 8-K report.

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