Phancy Group Scraps H-Share Full Circulation Plan After Shareholder Request

Beijing Fourth Paradigm Technology Co. Ltd. Class H ( (HK:6682) ) just unveiled an announcement.

Phancy Group Co., Ltd., formerly Beijing Fourth Paradigm Technology Co., Ltd., is a joint stock company in the PRC with limited liability, listed in Hong Kong under stock code 6682 and issuing H shares to international investors. Its governance structure includes executive, non-executive, independent non-executive and employee representative directors, reflecting a standard listed-company board composition.

The company has withdrawn its application to the China Securities Regulatory Commission for a full circulation plan involving the conversion and listing of 13,779,177 domestic shares into H shares. Following a request from the relevant non-controlling shareholders, the conversion and listing will not proceed, and the company has cautioned shareholders and potential investors to be careful when dealing in its securities in light of this change.

More about Beijing Fourth Paradigm Technology Co. Ltd. Class H

Phancy Group Co., Ltd., formerly known as Beijing Fourth Paradigm Technology Co., Ltd., is a joint stock company incorporated in the People’s Republic of China with limited liability and listed in Hong Kong under stock code 6682. The company issues H shares on the Hong Kong market, serving investors through its participation in the Hong Kong capital markets.

Average Trading Volume: 6,224,697

Technical Sentiment Signal: Sell

Current Market Cap: HK$21.14B

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