Hongli Group (HLP) Files IPO Registration Statement

Searchhelp, Inc. (NASDAQ: HLP) has filed for a proposed Nasdaq IPO.

The company describes itself as:"

We are an offshore holding company incorporated in the Cayman Islands. As a holding company with no material operations of our own, we conduct our operations in China through the contractual arrangements (the “Contractual Arrangements”), with Shandong Hongli Special Section Tube Co., Ltd., (“Hongli Shandong”) which is a variable interest entity (the “VIE”), and its subsidiaries, or collectively, “our PRC operating entities”. Neither we nor our subsidiaries own any equity interests in our PRC operating entities.

We are an offshore holding company conducting our operations in China through our PRC operating entities. This is an offering of the Ordinary Shares of the offshore holding company. You are not investing in our PRC operating entities. Instead, we consolidate financial results of Hongli Shandong as primary beneficiary through the Contractual Arrangements. Please see “Prospectus Summary — Corporate Information” for the summary of our corporate structure and the Contractual Arrangements."

EF Hutton will serve as sole underwriter.

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