News: Three Squirrels' Hong Kong IPO approved by the China Securities Regulatory Commission
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Three Squirrels has received approval from the China Securities Regulatory Commission to go public in Hong Kong, planning to issue 81.5 million shares. The company's revenue in the first half of the year grew by approximately 8% to 5.48 billion yuan, but net profit fell by 52% to 138 million yuan. If the listing is not completed by November 9, an updated prospectus will need to be submitted. The company's stock price on the Shenzhen Stock Exchange has fallen by a cumulative 35% since the beginning of the year
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