Beijing Shougang Lanzatech Technology kicked off its bookbuilding for Hong Kong IPO after suspended twice last year

Beijing Shougang Lanzatech Technology kicked off its bookbuilding for a Hong Kong listing after the listing was suspended twice last year due to ongoing shareholder disputes.

The Chinese green-tech company in the Carbon Capture, Utilization, and Storage (CCUS) sector plans to offer 40 million H shares, raising at most HK$680 million. The offer price is between HK$14.6 and HK$17.1. Each board lot of 200 shares requires an entry fee of HK$3,454.5.

It is scheduled to debut on June 2.

The company started its bookbuilding in July last year. However, due to the ongoing disputes related to Ningxia Shoulang Jiyuan New Energy Technology, the listing was suspended twice.

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