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An update from Fuxing China Group Ltd. ( (SG:AWK) ) is now available.
Fuxing China Group Limited has announced an update regarding its proposed listing on the NASDAQ Stock Market. The company faced a delay in commencing the offering and trading of its American Depositary Shares (ADSs) due to not receiving a timely written response from the China Securities Regulatory Commission (CSRC) about an update to the earlier approval for the listing. Despite this, the company issued 18,750,000 underlying shares on the Singapore Exchange (SGX-ST) to facilitate the necessary agreements for the NASDAQ listing. The company is currently exploring options to manage these shares until the ADS offering can proceed and is consulting with SGX-ST regarding their listing status.
More about Fuxing China Group Ltd.
Average Trading Volume: 22,500
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$3.15M
Find detailed analytics on AWK stock on TipRanks’ Stock Analysis page.