Ningbo Joyson Electronic (SHA:600699) revived its plans to go public in Hong Kong, refiling its application for an initial public offering with the city's bourse on Thursday.
The auto parts supplier first filed for an IPO on the Hong Kong bourse on Jan. 16, but its IPO application lapsed on July 16, according to news site Futunn.
Joyson intends to use proceeds from its IPO to invest in research and development for automotive intelligence technologies, as well as 5G-A/5.5G smart connectivity technology for cars, supply chain management, overseas expansion, mergers and acquisitions, and for working capital, according to a Thursday filing with the Hong Kong Stock Exchange.
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