AIC-funded enterprise in FTZ Fund Harbor applies for Hong Kong listing

Epiworld International Co Ltd recently took a major step forward by submitting its application for a main board listing to the Hong Kong Stock Exchange on April 8, with China International Capital Corporation Limited (CICC) acting as its listing sponsor. 

At the end of last year, Epiworld completed pre-IPO financing, with funds allocated for capacity expansion coming from the first AIC fund of the Xiamen Free Trade Zone International Fund Harbor — the ICBC AIC Fund, with a value of 10 billion yuan ($1.37 billion).

Epiworld is a high-tech enterprise focusing on silicon carbide semiconductor materials. It has become a global leader in this niche market due to its outstanding performance in epitaxial wafer manufacturing, establishing a complete industrial chain.

To promote the development of Xiamen's capital market, attract more capital to Xiamen, and empower enterprises with capital, the Xiamen FTZ Administrative Committee is building the Xiamen FTZ International Fund Harbor. This comprehensive financial platform aims to optimize the policy environment, improve the financial service system, and integrate fund raising, investment management, and project incubation.