news

what's going on? another ipo approval expires!

2024-09-17

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

another ipo approval has expired.

recently, shenzhen huaqiang, a listed company, announced that its subsidiary shenzhen huaqiang electronic network group co., ltd. (hereinafter referred to as "electronic network") had failed to implement the ipo stock issuance before september 12, and the registration approval was automatically invalidated upon expiration. this is another ipo company that failed to go public through a spin-off this year.

according to incomplete statistics from the reporter on oriental wealth choice data, after this year's new "nine national regulations" clearly stated "strict supervision of spin-off listings", 13 spin-off listing projects have been terminated.

from another perspective, the expiration of ipo approvals has gradually become the norm this year. after the new "nine national regulations", six ipo companies have failed to go public as scheduled; another four ipo companies have "issued at the last minute".

strict implementation of spin-off listing

according to an announcement by shenzhen huaqiang on september 13, although the company's holding subsidiary electronic network had previously obtained ipo registration approval, the approval automatically expired due to the failure to implement stock issuance within the validity period. shenzhen huaqiang stated that the above matters will not have a significant impact on the company's business activities.