XUNZHONG Communications Halts Application for Public Share Offering and Listing on Beijing Stock Exchange

Stock News

Feb 10

XUNZHONG Communications (02597) announced the termination of its application for a public share offering and listing on the Beijing Stock Exchange. The company had entered into a辅导协议 with Industrial Securities Co., Ltd. on July 20, 2023, and submitted the corresponding application materials to the Beijing Bureau of the China Securities Regulatory Commission. The bureau accepted the application for filing, with Industrial Securities serving as the辅导机构.

Recently, based on a thorough review of the company's current operational status and future strategic development plans, and after careful consideration and friendly negotiation with the辅导机构, both parties signed a termination agreement for the original辅导协议. The Beijing Bureau of the CSRC has confirmed the termination of the filing application and the proposed listing.

The company stated it will consider future capital market arrangements in due course, taking into account its own development needs and market conditions. The board of directors believes this decision will not have any significant adverse impact on the company's business, operations, or financial status, nor will it affect the overall interests of the company and its shareholders.

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The company had entered into a辅导协议 with Industrial Securities Co., Ltd. on July 20, 2023, and submitted the corresponding application materials to the Beijing Bureau of the China Securities Regulatory Commission. The bureau accepted the application for filing, with Industrial Securities serving as the辅导机构.</p>\n<p>Recently, based on a thorough review of the company's current operational status and future strategic development plans, and after careful consideration and friendly negotiation with the辅导机构, both parties signed a termination agreement for the original辅导协议. The Beijing Bureau of the CSRC has confirmed the termination of the filing application and the proposed listing.</p>\n<p>The company stated it will consider future capital market arrangements in due course, taking into account its own development needs and market conditions. 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