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The Shenzhen-listed ceramic components maker is awaiting regulatory approval, with a deal possible as early as the end of June
Chaozhou Three-Circle Group, a Chinese maker of small ceramic components used in phones, cars, data centres and telecom equipment, aims to raise up to $1 billion in a Hong Kong listing, two sources with knowledge of the matter said. The Shenzhen-listed company is awaiting approval from the China Securities Regulatory Commission, with the sources expecting the deal to launch shortly after clearance, potentially as early as the end of June. Three-Circle and China Galaxy International, the sole sponsor of the deal, did not respond to requests for comment on Monday.
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