idear Hanyu Was Approved by Public Offering Review Committee for IPO
The CSRC announced on May 25th that, the IPO application of Jiangmen iDear Hanyu Electrical Co., Ltd. (“iDear Hanyu” for short) was approved by the Main Board Public Offering Review Committee of CSRC. Another enterprise invested by Jiuding Capital is about to land A-share market.
iDear Hanyu is to issue 34,000,000 shares (accounting for 25.3731% of post-offering general capital 134,000,000 shares, and to be listed in the second-board market of Shenzhen Stock Exchange.
iDear Hanyu is China’s largest manufacturer of the draining pump for household appliance, providing high-quality electric appliance fittings for the globally-leading household appliance enterprises. Its major businesses are R&D, production and sale of high-efficiency energy conservation draining pump for household appliances. The raised capital is to invest some projects for the production expansion and technology upgrading of the draining pump for household appliances, washing circulating pump for dish-washing machine, bottom assembly for dish-washing machine, and new household water-saving system and other projects of operating capitals related to major businesses.