Q Technology (Group) Cancels Unit's Spin-Off, Bourse Listing Request Withdrawn

MT Newswires Live

2024/10/21

Q Technology (Group) (HKG:1478) said it decided to terminate the proposed spin-off of its unit due to the current market conditions and withdraw Kunshan QTech Microelectronics' public listing request from the Shenzhen bourse, according to a Hong Kong bourse filing on Monday.

On Dec. 8, 2022, the company decided to list Kunshan QT China separately through the issuance and offering of new shares.

Price (HKD): $4.95, Change: $-0.030, Percent Change: -0.60%

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