On the evening of August 25, Sungrow Power (300274.SZ), a leading player in the solar and energy storage sectors, announced its plan to issue overseas-listed foreign shares (H-shares) and apply for a listing on the Main Board of The Stock Exchange of Hong Kong Limited.
As of the market close on August 25, Sungrow’s share price closed at RMB 102.6 per share, up 4.74%. Since the beginning of the year, the stock has accumulated a gain of 41.32%, with a total market capitalization of approximately RMB 212.7 billion.
In its announcement, Sungrow stated that the Hong Kong listing aims to deepen the company’s global strategic layout, enhance its international brand image, and create diversified financing channels to further strengthen its core competitiveness. The company will choose an appropriate timing and issuance window to complete the offering and listing.
