Luzhou Bearing Group (SHE:301699) will launch an initial public offering on the Shenzhen Stock Exchange's ChiNext board on Aug. 26.
The bearing manufacturer will offer 124 million shares, representing 17.13% of post-offering equity, according to a prospectus published Tuesday.
Proceeds will fund high-speed train bogie bearings, new energy vehicle bearings and precision bearing industrial upgrades.
China Securities serves as lead underwriter for the offering.
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