Launching listing counseling! Sbit "shifts" to the Beijing Stock Exchange, after an unsuccessful attempt at a GEM IPO

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Beijing Business Daily News (Reporters Ma Huanhuan and Li Jiaxue) After failing to get through the “A-share” listing attempt in June 2024, Shenzhen Spite Technology Co., Ltd. (hereinafter referred to as “Spite”) is seeking to re-enter the IPO process. Recently, the CSRC website shows that Spite has initiated listing counseling, with the counseling institution being China Galaxy Securities Co., Ltd., and it plans to target a listing on the Beijing Stock Exchange.

According to the listing counseling filing report, Spite was established on February 13, 2004, with registered capital of 69.51 million yuan. The company’s controlling shareholder and actual controllers are Xia Dali and Liu Chunxuan.

It is understood that Spite focuses on the R&D, production, and sales of industrial-grade and automotive-grade magnetic components, as well as power modules for electric vehicle charging piles.

It is worth noting that before initiating listing counseling in this round, Spite had previously attempted an IPO on the ChiNext board. The company’s ChiNext IPO was accepted on June 28, 2023. In June 2024, because it did not meet the net profit indicator, the company applied to the Shenzhen Stock Exchange to withdraw its application documents. The Shenzhen Stock Exchange then made a decision to terminate the review of Spite’s first public offering of shares and its listing on the ChiNext board.

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