On the evening of March 18, a company listed on the Shanghai Stock ExchangeShanshan Shares(600884, SH) releasedannouncementsaid that it plans to issue global depositary receipts (GDRs) overseas and sell them in SwitzerlandsecuritiesExchange listed.
Previously, Shenzhen Stock Exchange listed companiesGuoxuan Hi-Tech(002074, SZ)) also issued an announcement on the evening of March 16, planning to issue GDR overseas and in SwitzerlandsecuritiesExchange listed.
For the purpose of listing in Switzerland,Shanshan Shares、Guoxuan Hi-TechBoth expressed that in response to the call of domestic capital market policies, they are important measures to deepen the interconnection of capital markets in China and Europe, and promote the development of the real economy with the help of overseas capital markets.
Shanshan Shares、Guoxuan Hi-TechAll are domestic new energy industry chain enterprises.Shanshan shares are lithiumBatteryThe industry leader in materials and optoelectronic display materials, and Guoxuan Hi-Tech is the driving force for the top ranking in ChinaBatterymanufacturer.
In the context of global “carbon peak” and “carbon neutrality”, the two listed companies have international plans. Shanshan said that the global new energy vehicle industry is in a stage of accelerated development. The company will continue to increase resource investment in overseas markets, establish a product innovation R&D, production and sales system for the global market, and further enhance the company’s global competitiveness.
In terms of optoelectronic display materials, in order to further consolidate the company’s global leading position in the field of polarizers, Shanshan will promote the internationalization of innovative products, enhance the global supply capacity of raw materials, enhance international market visibility, and expand global market share.
Guoxuan Hi-Tech also intends to set up factories overseas, and the company plans to increase its momentum in overseas markets such as Europe, North America and AsiaBatteryCapacity building and supporting industry construction, build a new generation of first-class power battery production lines, and quickly realize overseas market layout; attract overseas excellent R&D technicians and management teams to build excellent localization teams; improve the company’s global industrial chain R&D system and accelerate the realization of R&D The pace of industrialization, and strive to achieve the world‘s first-class technology and products.
In addition, Guoxuan Hi-Tech also stated that at present, the company has reached strategic cooperation with a number of international customers and signed product sales orders to gradually build a global market system. Companyperformancecontinue to promote the healthy development of the company.
It is worth mentioning that Shanshan Co., Ltd. and Guoxuan Hi-Tech also emphasized that as of now, the issuance scale, issuance plan, use of raised funds and feasibility of the overseas issuance of GDRs and listing are still under discussion. There is uncertainty.
(Article source: Daily Economic News)