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Flexible-Screen Maker Royole Withdraws STAR Market IPO

2021年02月12日 14:20
T中
Money-losing foldable-phone maker cites three types of shareholders that may not comply with listing requirements after CSRC picks its application for special review

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.


版面编辑:喻竹杨洋

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