Ningbo Joyson Electronic Corporation successfully completed its A+H dual listing on the Hong Kong Stock Exchange, raising approximately HKD 3.412 billion with cornerstone investment led by Jun Sheng SP.
Target Information
Ningbo Joyson Electronic Corporation (hereafter referred to as "Joyson" or "the Company", stock code: 0699.HK) successfully launched its A+H dual listing on the Hong Kong Stock Exchange on November 6, 2025. The cornerstone investor Jun Sheng SP, a partnership of the Hainan Zhishang Tongfu Equity Investment Fund, took a leading role in this issuance. The financial advisory for this H-share issuance was provided exclusively by CMB International. Joyson issued a total of 155,100,000 H-shares, which represents 10.00% of the post-issuance total share capital, at a price of HKD 22.00 per share, resulting in a total issuance scale of approximately HKD 3.412 billion before the greenshoe option.
As part of this issuance, a high-profile group of cornerstone investors subscribed to a total of USD 107.1 million in shares, amounting to approximately 22.73% of the total issuance before the greenshoe option. Among these, Jun Sheng SP, as the lead cornerstone investor, contributed USD 42.1 million, representing 8.93% of the total issuance before the greenshoe option and accounting for 39.31% of the total cornerstone share allocation.
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Industry Overview
Joyson operates as a leading provider of smart automotive technology solutions, focusing on essential areas within the automotive parts industry, particularly automotive electronics and safety. The Company emphasizes research, development, manufacturing, and sa
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Disclosed details
Transaction Size: $455M