Hao Tian International Construction Investment Group Ltd. Faces Ongoing Regulatory Review for Potential Application; Approval Outcome Remains Uncertain

Reuters
Aug 31
Hao Tian International Construction Investment Group Ltd. Faces Ongoing Regulatory Review for Potential Application; Approval Outcome Remains Uncertain

Hao Tian International Construction Investment Group Ltd. has announced a voluntary business update regarding a potential application under a new legal and regulatory framework. The company, incorporated in the Cayman Islands and listed with the stock code 1341, has informed shareholders and potential investors that the application is subject to vetting and approval by the Securities and Futures Commission (SFC). The outcome is uncertain due to the recent nature of the framework and various factors that are currently difficult to assess. As of now, it is unclear if the application, if successful, would involve grant or funding obtained by multiple organizations or solely by Hao Tian International Construction Investment Group Ltd. Investors are advised to exercise caution when dealing with the company's shares.

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