Red Avenue New Materials

Red Avenue New Materials (Ticker: 9607 HK) researches, produces and sells rubber additives used in tyres, alongside materials for semiconductor and display manufacturing. Its products include photoresists for semiconductor and display production, polishing pads used in chip manufacturing, high-purity solvents and PBAT biodegradable materials. The company operates seven production facilities in China and is developing a rubber-additives production base in Thailand. It has been listed on the Shanghai Stock Exchange since 2018.

The scheduled listing date on Hong Kong Stock Exchange was September 29, 2026. The proposed offering comprises 68,120,000 shares at an indicative price range of HKD 39.00–44.00 per share. At the indicative range midpoint, the base offering would represent HKD 2.83 billion, approximately $360.22 million in gross proceeds, excluding any unexercised over-allotment.