Zhong Guo Jing Ji Wang·2025-12-27 06:47Group 1 - The Shenzhen Stock Exchange's listing review committee approved the initial public offering (IPO) of Hangzhou Fu'en Co., Ltd., marking it as the 106th company to pass the review this year [1][2] - Fu'en Co. is a global supplier of eco-friendly fabrics, focusing on the research, production, and sales of sustainable materials [2][3] - The company plans to issue up to 58.33 million shares and aims to raise 1.25 billion yuan for projects related to integrated recycling eco-friendly fabric and high-end recycled material research [3] Group 2 - CITIC Securities is the sponsor for Fu'en Co.'s IPO, marking its 12th successful IPO project this year [2] - The actual controllers of Fu'en Co. include Wang Neili, Wang Xuelin, and Wang Enwei, who collectively control 83.89% of the company's shares [3] - The listing committee raised questions regarding the stability of the company's performance and potential risks of declining earnings, emphasizing the need for clarity on market conditions and competitive positioning [4]