Dajin Heavy Industry is moving forward with plans for an initial public offering on the Hong Kong Stock Exchange as the shipyard group seeks to support future business expansion and strengthen its global offshore engineering operations.
The proposed H-share listing is intended to reinforce the company’s international strategic presence and improve the integration of its offshore engineering value chain, covering research and development, manufacturing, marine transportation and project delivery across domestic and overseas markets.
According to Dajin Heavy Industry, the planned fundraising would support the sustainable growth of its overseas operations while enhancing operational efficiency and overall competitiveness in the international market.
After deducting offering-related expenses, the proceeds from the proposed listing are expected to be allocated toward several strategic areas, including technological innovation, product research and development, and production capacity expansion in advanced offshore engineering sectors. The company also plans to use the funds for global market expansion, strategic investments and mergers and acquisitions, new energy project construction, working capital replenishment and general corporate purposes.
Dajin Heavy Industry is a leading supplier of core offshore wind power equipment and is pursuing a dual strategy focused on offshore wind expansion and international market growth.
The company operates six manufacturing bases across China and maintains overseas subsidiaries in Germany and Poland. Its total annual production capacity exceeds 2 million tonnes.
