Key Developments
- Tsaker New Energy Tech Co., Limited (“the Company”) has provided a major update regarding the listing process of its subsidiary, Hebei Tsaker New Materials Technology Company Limited (“Tsaker Technology”), on the Beijing Stock Exchange (BSE).
- The China Securities Regulatory Commission (CSRC) has officially approved the registration application for the proposed listing of Tsaker Technology as of 24 April 2026. This approval was publicly confirmed on the BSE website on 30 April 2026.
- This marks a critical regulatory milestone in the spin-off and public listing process, bringing Tsaker Technology significantly closer to being traded independently on the BSE.
Important Information for Shareholders and Investors
- Outstanding Details: At the time of this announcement, the final offering size, issue price, and other essential details of the listing are not yet finalized. The Company has committed to providing further announcements as soon as these material details become available.
- Potential Share Price Sensitivity: The CSRC’s approval is a substantial positive development and may be considered price-sensitive, as it removes a significant regulatory hurdle for the listing. However, the completion of the listing remains subject to prevailing market conditions and other factors.
- No Guarantee of Listing: Shareholders and potential investors are cautioned that while regulatory approval is a major step forward, there is no guarantee that the listing will ultimately materialize, nor is its exact timing certain. The Company emphasizes that market and other conditions could still affect the outcome.
- Further Updates: The Company will provide timely announcements in the event of any material developments regarding the listing process.
Background and Timeline
- The Company has made several prior announcements since March 2022 regarding the spin-off and listing of Tsaker Technology. These included approval of the spin-off, separate quotation of shares on the National Equities Exchange and Quotations, and earlier updates on listing progress and estimated results.
- Notable recent milestones include the Company’s circular dated 12 May 2025 and announcements on 25 April 2025, 18 June 2025, 3 March 2026, and 10 March 2026, all relating to the listing progress.
- The latest and most significant update is the CSRC’s approval, which clears the way for Tsaker Technology to proceed with its BSE listing, pending finalization of offering details and market conditions.
Board and Management
- The Board of Tsaker New Energy Tech Co., Limited is led by Mr. GE Yi (Chairman) and Mr. BAI Kun (Vice Chairman), with a mix of executive, non-executive, and independent non-executive directors providing governance and oversight.
What This Means for Investors
This announcement is highly relevant for investors and could potentially move the share price. The approval by the CSRC is a major regulatory achievement, indicating advanced progress in the spin-off and listing process. However, investors should remain aware that the final offering terms, market conditions, and other factors will ultimately determine whether the listing proceeds as planned. The Company’s emphasis on caution reflects the remaining uncertainties despite the positive regulatory news.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should be aware that the listing of Tsaker Technology is subject to market conditions and other factors, and there is no guarantee that the listing will be completed as anticipated. Please exercise caution and consult with a professional advisor before making investment decisions.
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