Zhejiang E-P Equipment Files Prospectus for More than 1.2-Billion-Yuan IPO

MT Newswires Live

2024/12/19

Zhejiang E-P Equipment (SHA:603194) filed the prospectus for its initial public offering of 61 million shares at 20.32 yuan apiece to raise 1.24 billion yuan.

The industrial vehicle manufacturer's shares are to be listed on the Shanghai Stock Exchange's main board, according to a Thursday filing with the bourse.

IPO proceeds will go towards intelligent robot manufacturing, loan repayment and replenishing working capital.

Guotai Junan Securities serves as lead underwriter.

Rept Battero Energy (HKG:0666) agreed to subscribe for 1.5 million shares in Zhejiang E-P Equipment's IPO.

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