# Zhejiang Haihong Hydraulic files IPO to raise CNY 600 million for expansion

Zhejiang Haihong Hydraulic Technology, a hydraulic valve maker and supplier to XCMG, Anchai and Hangcha, filed a prospectus for a ChiNext IPO to raise CNY 600 million, of which CNY 550 million is for capacity expansion.

- Type: Investment
- Announced: 2023-07-06
- Where: Zhejiang, China
- Value: $83.0M (600.0M CNY)
- Status: announced
- Products: hydraulic valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Zhejiang Haihong Hydraulic Technology](https://endata.com/companies/10750.md)

## Sources

- [lejucaijing.com](https://www.lejucaijing.com/news-7082567040095680133.html), 2023-07-06: "拟募资6亿元，估算公司市值约为24亿元"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.