Deloitte China assists listing of Wuxi Lead on SEHK
Deloitte China supported the listing of Wuxi Lead Intelligent Equipment Co., Ltd. (Wuxi Lead, stock code: 00470.HK, 300450.SZ) on the Stock Exchange of Hong Kong (SEHK) on 11 February 2026.
In this global offering, Wuxi Lead offered 107.7 million shares with each share at an offer price of HKD45.80, raising approximately HKD4.9 billion.
Wuxi Lead secured a consortium of cornerstone investors comprising 10 institutional investors, encompassing managers, specialized investment institutions, and strategic industrial investment funds. The core participants include Oaktree Capital, Morgan Stanley, Pinpoint Asset Management, Aspex Master Fund, MY Asian Opportunities Master Fund, L.P., and E Fund Management. The cornerstone investors collectively subscribed for approximately US$275 million, representing approximately 46.8 million shares at the lower end of the offer size and accounting for approximately 55.56% of the international placing tranche.
(From left) Young Xu, senior manager of Deloitte China’s Audit & Assurance (A&A); Eric Li, Coordinated Business Development partner of Deloitte China; Cher Ren, Eastern Region (ER) Technical Services partner of Deloitte China's Capital Market Services Group (CMSG); Louis Wong , Partner of Deloitte China’s listing engagement for Wuxi Lead and CMSG’s ER Offering Services partner; Wang Yanqing, executive director, chairman of the Board and general manager of Wuxi Lead; Dick Kay, National leader of Deloitte China’s CMSG; King Ge, ER Offering Services partner of Deloitte China’s CMSG, and Eva Wang, manager of Deloitte China’s A&A attend the listing ceremony of Wuxi Lead at Hong Kong Stock Exchange.
Guo Caixia (2nd from left), CFO of Wuxi Lead; Gong Chenyu (3rd from left), CFO of Lead Group; Yao Yao (4th from left), deputy general manager and board secretary of Wuxi Lead; Wang Yanqing (6th from left); Zhu Qi (right), securities affairs representative of Wuxi Lead; Dick Kay (5th from right) and representatives of other professional intermediaries attend Wuxi Lead’s listing ceremony at Hong Kong Stock Exchange.
Client overview
Wuxi Lead is an intelligent equipment enterprise offering intelligent equipment and solutions to a range of emerging industries including the manufacturing of lithium-ion batteries, photovoltaic batteries and computer, communication and consumer electronics, intelligent logistics.
In 2015, the company was listed on ChiNext of the Shenzhen Stock Exchange. It has now become dually listed in A and H shares (A-to-H listing) through its IPO in Hong Kong.
Deloitte's role
The Wuxi Lead listing has spanned industry cycles, bearing witness to the resilience of both the company's and Deloitte's teams. As a core service institution of this new listing engagement, Deloitte China has been deeply involved in the entire process of the IPO. This successful listing demonstrates Deloitte's professional service capabilities in serving clients in capital markets. Our engagement team worked closely with various professional parties, provided high-quality services with rich industry experience and excellent professional capabilities to assist Wuxi Lead’s listing on the Main Board of the SEHK.
Deloitte China congratulates Wuxi Lead on its successful listing on the SEHK. We will continue to provide high quality professional services and outstanding resources integration to assist more clients to take one-step ahead in today's increasingly competitive and complex business environment.
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Deloitte China provides integrated professional services, with our long-term commitment to be a leading contributor to China’s reform, opening-up and economic development. We are a globally connected firm with deep roots locally, owned by our partners in China. With over 20,000 professionals across 31 Chinese cities, we provide our clients with a one-stop shop offering world-leading audit, tax and consulting services.
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