Xiaoxi Lake Culture and Tourism Secures CSRC Approval for Hong Kong IPO on July 24, Plans to Issue Up to 51.47M Shares

According to the China Securities Regulatory Commission (CSRC), Xiaoxi Lake Culture and Tourism Co., Ltd., a state-owned water tourism service provider based in Yangzhou, Jiangsu Province, secured approval for Hong Kong listing on July 24. The company plans to issue no more than 51,473,600 common shares and list on the Hong Kong Stock Exchange. According to its prospectus, the company operates three main business segments: scenic water cruise services including value-added services and chartered boats, sightseeing vehicle services, and management services.
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