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shanghai sinotec (603121.SH): Terminates the matter of issuing stocks to specific objects in 2024 through a simplified procedure.
On September 25, GeLongHui announced that since the company's initial announcement to issue stocks to specific targets through a simplified process, the board of directors, management, and intermediary institutions have been actively advancing various tasks. In August 2024, the securities services agency hired for this issuance and listing application was suspended from securities services for six months. Taking into account the capital market environment, industry development, company's global strategy, and business situation, after careful consideration, the company decided to apply to the Shanghai Stock Exchange to withdraw the application documents for issuing stocks to specific targets through a simplified process.
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