Abstract: Kinwong, a PCB maker, is seeking an A+H listing. CITIC, BOA, and Guolian are the sponsors. The note covers the company's core segments: automotive electronics and telecommunication and data infrastructure. We also assess the preliminary valuation through the A-H premium range and selected peer set.
DELTON TECHNOLOGY (GUANGZHOU), ZHEJIANG SANHUA INTELLIGENT CONTROLS, SUZHOU DONGSHAN PRECISION MANUFACTURING, WUS PRINTED CIRCUIT (KUNSHAN), SHENNAN CIRCUITS, AVARY HOLDING (SHENZHEN), DELTON, SANHUA, VGT, VICTORY GIANT TECHNOLOGY (HUIZHOU), Tripod Technology, FUYAO GLASS, Fuyao Glass, NINGBO JOYSON ELECTRONIC, SHENZHEN KINWONG ELECTRONIC, JOYSON ELEC, TTM Technologies
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