Equipment Manufacturer ShenGu Files Shanghai IPO Prospectus

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Equipment manufacturer ShenGu Group (SHA:601091) on Tuesday filed its prospectus for an initial public offering of 311 million shares, representing 10% of the post-IPO total, on Shanghai's Main Board.

Proceeds will fund green technology industrialization, research and development digitalization, clean energy factory upgrades, and a nuclear pump pilot base, according to the prospectus.

Listing will be on Sept. 8.

China International Capital serves as lead underwriter, with Guotai Haitong Securities as joint lead underwriter.

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