ag娱乐平台手机版Lux files for HK listing

ag娱乐平台手机版Lux files for HK listing

On February 1, Lux Holding Ltd filed for a listing in Hong Kong.

J.P. Morgan, Morgan Stanley, and UBS Group are joint sponsors for this listing.

Lux Holding Ltd mentioned that driven by a large unmet demand, it aims to strengthen the connection between small and micro enterprises and between small and micro enterprises and institutional partners, creating greater value for customers.

The prospectus showed that the US-listed company plans to list by the way of introduction on the Main Board of the Hong Kong Stock Exchange through an introduction, through which it wont be raising any capital or issuing new shares.

Photo/Zhang Yun (NBD)

According to the prospectus,Lux Holding Ltd generated revenue of 45.8 billion yuan in the first three quarters of 2022. Since its establishment through September 30, 2022, Lux Holding Ltd has provided services to approximately 6.6 million small and micro enterprises in China.

Lux also plans to invest in artificial intelligence capabilities and expand its applications, mainly by establishing an AI open architecture to empower solutions and service recommendations for small and micro enterprise owners as well as sales and product approval systems for institutional partners, and deploying an AI collection assistant for post-loan monitoring and collection.

With regard to the dual listing, Lux Holding Ltd believes that attracting investors with different backgrounds in two markets will help to expand the companys investor base and increase the liquidity of the shares. The companys directors believe that listing on the Hong Kong Stock Exchange can support the business focus of Lux Holding Ltd in China, which is crucial for the growth and long-term strategic development of the company.