Sources say Zhongji Xuchuang is close to securing approval from China’s
securities regulator (CSRC) to pursue a Hong Kong listing. If approved, the
company could apply to HKEX for a hearing as soon as this week. The maker of
optical transceiver modules for AI and data centers is considering an equity
raise of about $7.0 bln, a size that would place it among Hong Kong’s largest
recent IPOs and exceed prior market expectations. Sources caution deal size and
final timing of regulatory sign-off remain subject to change.
