The trend for mainland China-listed energy storage firms to seek secondary listings on the Hong Kong Stock Exchange shows no sign of abating, writes Carrie Xiao.
Chinese industrial automation and power technology firm Inovance Technology has filed its prospectus with the Hong Kong Stock Exchange, planning to raise around US$2 billion (RMB 13.7 billion) following strong growth in its energy storage business.
Energy storage firm Guoxia Technology (02655.HK) has released its first full annual report since listing on the Hong Kong Stock Exchange late last year.
Shenzhen PowerOak New Energy Co., Ltd. (PowerOak), the fourth key player in the global portable energy storage sector, has submitted its IPO application to the Hong Kong Stock Exchange.
Three Chinese energy storage companies have recently successively filed or updated their listing applications with the Hong Kong Stock Exchange (HKEX), planning IPOs on the Hong Kong Main Board.