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since the beginning of this year, there has been a clear cooling of a-share spin-off listings.

on the evening of september 13, zoomlion heavy industry science & technology co., ltd. (hereinafter referred to as zoomlion) issued an announcement stating that it plans to terminate the spin-off and reorganization of its subsidiary for listing.

on the same day, goertek co., ltd. (hereinafter referred to as goertek), which had previously withdrawn its spin-off listing on the growth enterprise market, issued an announcement stating that it plans to spin off its subsidiary and list it on the main board of the hong kong stock exchange.

according to incomplete statistics from reporters, more than 20 a-share companies have terminated their spin-off listings since 2024, which has exceeded the number for the whole year of 2023. changes in the market environment are the reason why most companies terminated their spin-off listings.

changing market environment

two a-share companies failed in their spin-off listings

after 15 months of restructuring, zoomlion’s spin-off listing was terminated.

on the evening of september 13, zoomlion heavy industry science & technology co., ltd. issued an announcement stating that due to the significant changes in the current market environment compared to the initial planning of this spin-off and listing, the company plans to terminate the spin-off of its controlling subsidiary hunan zoomlion intelligent aerial work machinery co., ltd. (hereinafter referred to as zoomlion aerial work machinery) and list it through a reorganization with luchang technology.

zoomlion said that the termination of the spin-off still needs to be submitted to the company's board of directors and shareholders' meeting for review. the termination of listing will not have a substantial impact on the company, nor will it affect the implementation of the company's future strategy.