By Kate Yuan
Kingsoon Optoelectronics (凯迅光电), a Chinese GaAs solar wafer and AlInGaP LED chip supplier, is preparing for an IPO on China's stock market. The company has completed filing to the China Securities Regulatory Commission on July 8.
The company has leading production process technology and management domestically in the field of GaAs solar wafers and AlInGaP LED chips, according to the company’s official website. It aims to become China’s largest GaAs battery and AlInGaP LED production base in 5 to 8 years.
Founded in 2015, Kingsoon was introduced as a major high-tech enterprise to Nanchang, southeastern China’s Jiangxi Province. The company's industrial park is expected to cost an investment of RMB800 million ($118.82 million).
Kingsoon entrusted CITIC Securities as its IPO guidance agency and signed an agreement on June 28.
Tianyancha, a leading Chinese corporation registration information platform, shows that Wang Xiangwu is the company's largest shareholder and actual controller, holding 43.34% of the shares.
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