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Fuxing China Group Ltd. ( (SG:AWK) ) has shared an update.
Fuxing China Group Ltd. has announced that it will no longer pursue its proposed listing on the NASDAQ Stock Market and the associated ADS Offering. The decision to withdraw from the listing process is due to delays in obtaining approval from the CSRC, new stricter NASDAQ listing requirements for companies based in the PRC, and the financial and administrative burdens of complying with U.S. securities laws and regulations.
The most recent analyst rating on (SG:AWK) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Fuxing China Group Ltd. stock, see the SG:AWK Stock Forecast page.
More about Fuxing China Group Ltd.
YTD Price Performance: 84.31%
Average Trading Volume: 91,205
Technical Sentiment Signal: Buy
Current Market Cap: S$9.5M
See more data about AWK stock on TipRanks’ Stock Analysis page.