Comba Telecom Systems Holdings (HK:2342) has released an update.
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Comba Telecom Systems Holdings has decided to terminate the proposed spin-off and A-Share listing of Comba Network due to significant changes in the domestic IPO environment. Instead, the company has opted to buy back equity interest in Comba Network, increasing its stake from 78.7% to 89.3%. This move is part of a discloseable transaction subject to reporting requirements under Hong Kong Listing Rules.
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