Royole Corp. and sponsor Citic Securities ditched the flexible-display maker’s initial public offering (IPO) plan for Shanghai’s Nasdaq-like STAR Market, citing unresolved shareholder issues.
Money-losing Royole said it suspended the application as the company has “three types of shareholders” that may not comply with listing requirements. The company said the decision will not have a significant impact on normal production and operations.
京公网安备 11010502034662号 