Dajin Heavy Industry is progressing with the listing on Hong Kong Stock Exchange for expected business expansion.
With the proposed H-share listing the shipyard aims to further consolidate its global strategic layout, integrate the whole-process chain of R&D, manufacturing, marine transportation and delivery for its offshore engineering business both domestically and overseas, and enhance its comprehensive competitiveness in the international market, so as to meet the needs of sustainable development and the requirements of quality improvement and efficiency enhancement for its overseas businesses, Dajin Heavy Industry stated.
After deducting relevant offering expenses, all the raised funds will be used for the business development of Dajin Heavy Industry, including technological innovation, product R&D and capacity expansion in cutting-edge global offshore engineering sectors; global market and business expansion; strategic investment and mergers & acquisitions; construction of new energy projects; replenishment of working capital; and other general corporate purposes.
Dajin Heavy Industry is a leading supplier of core offshore wind power equipment, implementing a dual strategy of offshore wind power expansion and global market layout.
The company owns six major manufacturing bases across China and has established overseas subsidiaries in Germany and Poland, with an annual production capacity exceeding 2 million tons.