News & Insights

Congratulations to Suzhou Dongshan Precision Manufacturing Co., Ltd. (DSBJ) on its global offering of 113,783,200 H shares at HK$86.80 per share and listing on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 02384.HK), raising approximately HK$9.88 billion (US$1.27 billion) in gross proceeds before the exercise of any over-allotment option.

With its previous listing on the Shenzhen Stock Exchange (Stock code: 002384.SZ), DSBJ’s Hong Kong listing establishes its A+H dual-listing structure and marks a significant milestone in its international capital markets journey.

DSBJ is mainland China’s largest printed circuit board (PCB) manufacturer and one of the world’s leading suppliers of flexible printed circuit boards. The transaction represents one of Hong Kong’s larger IPOs of 2026.

The transaction was led by our ECM Partners Pearlyn Xie and Guo Xiaofei, supported by Foreign Legal Counsels Nicole Zheng and Ren Jiayi.

We appreciate DSBJ’s trust and confidence in our team and are grateful for the opportunity to support them on this transaction.

Learn more about our Equity Capital Markets Practice here.