Zhejiang Laifual Drive

Zhejiang Laifual Drive (Ticker: 3952 HK) manufactures precision transmission components that help robots move accurately. Its products include harmonic reducers, joint modules, robotic arms and automated workstations. The products are used mainly in humanoid and industrial robots and automated production lines. A harmonic reducer is a precision gear component used to support accurate movement at a robot’s joints.

The scheduled listing date on Hong Kong Stock Exchange was June 30, 2026. The proposed offering comprises 13,440,000 shares at an indicative price range of HKD 77.00–85.50 per share. At the indicative range midpoint, the base offering would represent HKD 1.09 billion, approximately $139.15 million in gross proceeds, excluding any unexercised over-allotment.

CMB International Capital is a manager.