A person familiar with the matter revealed that after shelving the previous listing plan of mainland China, Hebei Jindi New Energy Technology Co., Ltd. considers the first public offering (IPO) in Hong Kong next year.
Bloomberg News on Tuesday (November 14) quoted an anonymous insider reported that the Chinese battery company supported by BYD conducted preliminary consultations on the issue of stock issuance and potential consultants.The value of 100 million US dollars, the valuation of Hebei Jinli was about $ 2 billion (about S $ 2.7 billion).
People familiar with the matter said that the details of IPOs, including scale and time, may still change.The representative of Hebei Jinli did not reply to the request.
Hebei Jinli website shows that the company was established in 2010 and focuses on the development, production and sales of lithium battery wet diaphragm and coating diaphragm.
Hebei Jinli withdrew the A -share listing application with a scale of 1.3 billion yuan (RMB, the same below, about S $ 243 million) in September.According to the prospectus, the company's revenue of 691 million yuan in the first half of last year and 130 million yuan in net profit.BYD holds more than 2%of the shares of Hebei, and contributed more than half of the company's revenue in the company six months before 2022.
