Fuxing China Group Ltd. (SG:AWK) has released an update.
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Fuxing China Group Ltd. has announced plans to list on the NASDAQ via American Depository Shares (ADS), updating its previous intent to list ordinary shares. The company has filed an amended Registration Statement reflecting this change and updated financial information, but notes that the listing is pending approvals from various regulatory authorities and a shareholder vote. The proposed NASDAQ listing is intended to fully comply with NASDAQ rules as a commitment to good corporate governance.
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