If successfully listed, it will become the first blockchain company listed on the Hong Kong Stock Exchange.
Kanan Minzhi had previously expressed interest in listing in both Hong Kong and the United States. However, according to informed sources from foreign media, the final decision has not yet been finalized, and things may still change. Kenan Minzhi refused to comment on the listing plan.
According to previous reports, the Vice Chairman of the China Securities Regulatory Commission Jiang Yang and his party investigated Jia Nan Lu Zhi on April 24th. The joint chairman of Jianan Zhizhi Kong Jianping reported on the company’s chip R&D situation. Jiang Yang stated, 'No matter what your chip is used for, Essentially still a chip company, I hope you are listed in the domestic market.
Jianan Minzhi was established in 2013. The company specializes in designing and selling high-performance integrated circuit boards. It is also a producer of the Avalon series bitcoin mining machines.
From 2015 onwards, Kennan Minzhi began the research and development of artificial intelligence chips. After nearly two years of hard work, in December 2017, Kenan Minzhi pre-released the world's first artificial intelligence edge computing chip KPU.
According to official data from Kenan Minzhi, in 2017, Kennan Minzhi’s miner’s sales exceeded 1.2 billion yuan, its annual net profit exceeded 300 million, net profit increased by 125% in two years, and it is expected to exceed 10 billion in sales in 2018. 5 billion profit.
Gannan Minzhi had already tried several IPOs before. In 2016, the company tried to list China’s A-share market by buying Shandong’s electronic equipment manufacturer Lu Yitong. However, due to the regulatory agency’s suspicion of overvalued transactions, the company eventually The listing plan is gone.
Last year, even though China imposed a ban on cryptocurrency transactions and the first-time token sale (ICO), Kennan Minzhi still applied again for listing in China's new three boards. The application was not passed again and the company did not disclose the reasons.