Hi Sun Technology (China) Limited (HK:0818) has released an update.
Hi Sun Technology (China) Limited has announced the cancellation of the proposed spin-off and separate listing of Megahunt Technologies Inc. on the Science and Technology Innovation Board of the Shanghai Stock Exchange, due to strategic considerations and the current capital market conditions. The Shanghai Stock Exchange has approved the withdrawal application on 24 June 2024. The company is exploring alternative business and fundraising avenues and will keep shareholders informed of any developments.
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