IPO News | Rumor has it that “the king of mobile phones in Africa” Voice Holdings (688036.SH) will launch a Hong Kong listing promotion next week to raise US$400-500 million

The Zhitong Finance App learned that, according to media reports quoting people familiar with the matter, “The King of African Mobile Phones” Voice Holdings (688036.SH) plans to pre-promote a Hong Kong listing of 400 million to 500 million US dollars next week. On June 18 this year, Communication Holdings submitted its second listing to the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor.

According to the filing notice issued by the International Cooperation Department of the China Securities Regulatory Commission on August 14, Communication Holdings plans to issue no more than 132 million overseas listed common shares and list them on the Hong Kong Stock Exchange.

In the first half of this year, the company achieved revenue of 35.431 billion yuan, an increase of 21.85% year on year; net profit attributable to shareholders of listed companies was 1,773 billion yuan, an increase of 46.22% year on year; after deducting non-net profit of 1.48 billion yuan, an increase of 64.98% year on year.