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Shanghai Bourse Rejects Another Listing on New High-Tech Board

2019年09月27日 20:31 来源于 财新网
Shanghai Titan Scientific fails to convince authorities its business depends primarily on using core technology
The Shanghai Stock Exchange on March 8. Photo: VCG

Shanghai Stock Exchange has rejected another IPO application to the new high-tech board because the company failed to convince regulators it was a “high-tech” firm.

The Shanghai bourse said in a statement (link in Chinese) released Thursday that Shanghai Titan Scientific Co. Ltd., a supplier of equipment and services to science labs, had not disclosed accurate information about its core technology or whether its business depended chiefly on such technology.

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