Deacons’ Corporate Finance Practice Group advises the sole sponsor DBS Asia Capital Limited and underwriters in relation to the Main Board H-share IPO of Beijing Xunzhong Communication Technology Co., Ltd. (SEHK Stock Code: 2597), seeking to raise up to approximately HK$461 million (subject to the exercise of over-allotment option).
The company is a cloud-based communications service provider ranked third in China by revenue in 2024, and is one of the few providers in China capable of delivering AI-driven communications services, according to a market research report commissioned by the company.
The company published its IPO prospectus on 30 June 2025. Dealings in its H shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 9 July 2025.
Our team is led by Ronny Chow and Maynard Leung, Partners of our Corporate Finance Practice Group.
