On January 6, Desay SV (002920.SZ) made an announcement stating that the company is set on issuing H - shares overseas and seeking a listing on the Hong Kong Stock Exchange. The primary goals behind this move are to propel its internationalization strategy forward, amplify its international clout, and broaden its overseas business scope.
At present, specific details regarding this endeavor are still in the works and haven't been finalized. It's anticipated that there will be no alteration in the company's control structure. This proposed action necessitates thorough deliberation by both the board of directors and the shareholders' meeting. Moreover, it requires approval for filing from the China Securities Regulatory Commission, as well as endorsements from the Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission, among other regulatory bodies. Given the multiple regulatory hurdles, there are inherent uncertainties associated with this process.
The company is committed to disclosing relevant information in a timely fashion. Hence, investors are advised to stay tuned for subsequent announcements and remain vigilant about the potential risks involved.
