Dajin Heavy Industry is planning an initial public offering on the Hong Kong Stock Exchange.
The Chinese fabrication company, which submitted a formal application last year, said it is fully privately owned and has financed its rapid expansion through its own resources, including a non-public offering of shares completed in 2022.
Dajin added that its self-funded growth strategy is supporting expansion plans including a new fabrication plant in Tangshan, development of a fleet of deck carriers for shipping, and investment in four wind farms and one solar farm in China.
“Being listed on one of the world’s leading stock exchanges will allow Dajin to access international funding markets to support the global offshore wind industry through a swifter and stronger platform!” said Xin (Peter) Li, senior vice-president.
The company noted that with a market capitalisation of around €5.2bn it is positioned to continue supporting the offshore wind industry globally as it pursues the Hong Kong listing.