Shenzhen-based HKC is aiming to go public, and has started the IPO process at the Shenzhen Stock Exchange in June 2025, with plans to raise 8.5 billion Yuan (almost $1.2 billion USD).
It was recently reported that HKC's application got suspended a few days ago, as some of the financial documents it submitted had expired. It is likely to be just a technical setback, but we will have to wait for more updates.
Interestingly, HKC submitted a new IPO prospectus, in which it reveals that it plans to invest 2.5 billion Yuan (around $351 million USD) from the raised funds in its OLED R&D center in Changsha. Read on below for more information on HKC's current OLED R&D.
The company will also invest 2 billion Yuan ($280 million) in its microLED and miniLED manufacturing hub in Mianyang.
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