Newsletter summary
Zhengzhou Hengda Intelligent Control Technology Co., Ltd. and its sponsor CITIC Construction Investment Securities Co., Ltd. withdrew its listing application.GamesusingcryptoThe Shanghai Stock Exchange terminates the audit process.
Text of news flash
Zhengzhou Hengda Intelligence Control Technology Co., Ltd. was terminated by IPO review [Hengda Intelligence Control Technology was terminated due to withdrawal of its application] May 11GamesusingcryptoZhengzhou Hengda Intelligent Control Technology Co., Ltd. and its sponsor CITIC Construction Investment Securities Co., Ltd. withdrew their application for listing, and the Shanghai Stock Exchange (SSE) subsequently terminated the examination and approval of its offering and listing. The move means that Hengda Intelligent Control Technology's listing plans have been thwarted, which could affect its company's development plans. At the same time, Citic Construction Investment Securities Co., Ltd. as a sponsor, its reputation may also be affected to a certain extent. At present, the Shanghai Stock Exchange has not yet announced the specific reasons for terminating the review. It is generally believed that this may be related to the company's financial situation, operating conditions, market environment and other factors. Investors should pay attention to the follow-up developments of Hengda Intelligent Control Technology and its impact on the development of the company. At the same time, investors should also look at the matter rationally and should not exaggerate its possible impact.