Source: Tech – South China Morning PostUnisplendour Corporation, a subsidiary of state-backed Tsinghua Holdings, has scrapped its Hong Kong listing plan that had been in the works for nearly a year.
The Shenzhen-listed company said in an exchange filing on Wednesday that its board had voted to terminate the proposed share issuance on the Hong Kong stock exchange.
The termination would not have any “significant impact” on its business operations, the statement added.
Simultaneously, Unisplendour announced plans to raise up to 5.57…Read More