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11 Jul
10:57

Baowu Ouyeel terminates listing process

Baowu subsidiary Ouyeel has proactively withdrawn its listing application, therefore the Shenzhen Stock Exchange (SZSE) terminated its first initial public offering (IPO), Kallanish learns. The application had been approved by SZSE as early as November 2022, but no further registration or other steps were taken after that. The IPO initially targeted CNY 1.5 billion ($206 million) through the issuance of no more than 15% of the equity of the company. In 2015, Baow…
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