Fuxing China Group (SGX:AWK) said its planned listing on the Nasdaq Stock Market has been delayed after it failed to secure a timely response from the China Securities Regulatory Commission regarding its updated offering structure, according to a filing with the Singapore Exchange on Thursday.
While its registration statement became effective on May 28, the zipper company could not proceed with the American Depositary Shares (ADS) offering or sign the underwriting agreement as expected on May 29. The company had shifted from ordinary shares to ADS, requiring an updated approval from the Chinese securities regulator.
To prepare for the listing, Fuxing issued 18,750,000 underlying shares on May 28, which are now listed on the Singapore Exchange.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。