Moore Threads, a Chinese GPU developer, said its board approved a plan to issue H shares and seek a listing on the Hong Kong Stock Exchange’s Main Board. The plan was approved on Aug. 7 and disclosed on Aug. 10, while the timetable and offering size have not been finalized.
The company reported first-half revenue of RMB1.74 billion, up 147.42% year on year. Its net loss narrowed 95.73% to RMB11.6 million, while research and development spending reached RMB769.1 million. [Moore Threads, in Chinese]