05:04 PM EST, 12/26/2024 (MT Newswires) -- Hongli Group ( HLP ) late Thursday filed a preliminary prospectus for secondary sale by investors from time to time of 60 million ordinary shares they acquired from the Chinese steel producer in November.

Hongli ( HLP ) on Nov. 13 issued 60 million shares priced at $0.55 apiece for $33 million.

The company will not receive any additional proceeds from such future sale.