Beijing Shougang LanzaTech Technology (HKG:2553) has further postponed its Hong Kong initial public offering amid an unresolved legal dispute involving its joint venture Shoulang Jiyuan, according to a Friday Hong Kong bourse filing.

According to the supplemental prospectus, an announcement was expected on July 14, with details on final offer pricing, investor demand, and allocation results.

The carbon capture firm had already delayed pricing, with the listing previously rescheduled to July 15.

The offering will no longer proceed under the current prospectus, and a revised timeline is being assessed with the sole overall coordinator.

Application monies for the Hong Kong public tranche will be refunded in full without interest by July 15. No share certificates have been issued.

The dispute stems from a lawsuit filed June 27 by a minority shareholder in Shoulang Jiyuan over alleged unauthorized capital and pricing decisions.

Shougang LanzaTech has called the claims baseless and maintains the case will not materially affect its operations or financial position.