What a difference four months makes.
When semiconductor company SICC Co. Ltd. (688234.SH) first filed to list in Hong Kong back in February, it was boasting strong double-digit revenue growth and was on track to report its first annual profit. The company’s Hong Kong listing, which was just approved by China’s securities regulator on Friday, would complement its existing listing on Shanghai’s STAR Market.
The listing plan’s registration by the China Securities Regulatory Commission (CSRC) officially clears the way for SICC to sell shares into one of the hottest Hong Kong IPO markets in years. It plans to sell 87.2 million shares in the listing, according to the CSRC registration statement.
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