CSRC Updates List of Enterprises Ceasing IPO Examination

Millet Group announced on the Hong Kong Stock Exchange that the company is focusing on business development and has sufficient capital. After careful consideration, the company decided to terminate the issuance of the motherboard depository receipts.
On August 30, the SFC updated the list of enterprises applying for termination of examination of initial public offerings. The list shows that Millet Group, Nantong Guosheng Intelligent Technology Group and Hangzhou Kangji Medical Devices were terminated on August 26.
Millet Group also announced on the Hong Kong Stock Exchange that at present the company concentrates on business development and has sufficient capital. After careful consideration, the company decided to terminate the issuance of the motherboard depository receipts.
According to the announcement made by the SFC in June last year, millet group decided to implement the listing plan of Hong Kong shares and China Depository Receipt (CDR) step by step, issuing Hong Kong shares first, then issuing Chinese Depository Receipts in China at the selected opportunity, and applying for postponing the issuance of the hearing time. Therefore, the SFC cancelled the examination of the issuing declaration documents of the company at the meeting of the issuing and examining committee.

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