The IPO of Hengkun New Materials on the Shanghai Stock Exchange has been temporarily suspended. The company’s clients include several 12-inch Integrated Circuit wafer factories within China.

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On July 25, the Shanghai Stock Exchange (SSE) Listing Review Committee announced the results of its 26th review meeting for 2025, indicating that Xiamen Hengkun New Materials Technology Co., Ltd. (hereinafter referred to as ‘Hengkun New Materials’) has been deferred for further review.

According to Zhitong Finance APP, on July 25, the SSE Listing Review Committee announced the results of its 26th review meeting for 2025, indicating that Xiamen Hengkun New Materials Technology Co., Ltd. (hereinafter referred to as ‘Hengkun New Materials’) has been deferred for further review.

The SSE requested that representatives from Hengkun New Materials provide details on the initial technological sources, research and development methods, core R&D personnel, R&D investments, and corresponding patent technologies for their self-produced photoresist materials and precursors. They were also asked to explain whether there are any risks of…

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