Intelligent Living Application Group Inc, a safety door lock manufacturer, has filed Form F-1 Registration Statement on September 9, 2020 with U.S Securities and Exchange Commission to raise up to $19 million IPO. Pricing terms are yet to announce.
The company invests in self-designed automated product lines, new craftsmanship and developing new products including smart locks. Their revenue are mainly from sale of products sold in the US market, and the remaining products are sold to Canada, Australian and China markets.
The Hong Kong-based company was founded in 1981 and booked $11 million in sales for the 12 months ended December 31, 2019. It plans to list on the Nasdaq Capital Market under the symbol “ILAG.” Network 1 Financial Securities is the underwriter of the IPO.
The company engages Foster Garvey PC as US Securities Counsel, and Wei, Wei & Co., LLP as Independent Auditor.
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