Cogobuy Group ( (HK:0400) ) has issued an update.
Ingdan, Inc. announced that its subsidiary, Shenzhen Comtech Limited, has received approval for its pre-listing tutoring process from the Shenzhen Regulatory Bureau of China Securities Regulatory Commission. This is a step towards the proposed spin-off and A-share listing on the Shenzhen Stock Exchange. Although the company’s stake in Comtech is expected to decrease, Ingdan intends to remain the ultimate controlling shareholder, which is anticipated to drive long-term growth. The proposed listing is subject to regulatory approvals and market conditions, and stakeholders are advised to exercise caution.
More about Cogobuy Group
Ingdan, Inc., also known as Cogobuy Group, operates in the technology industry and is primarily involved in the development and distribution of technology products and services. The company focuses on providing innovative solutions and has a market presence in the electronics and technology sectors.
YTD Price Performance: 13.57%
Technical Sentiment Signal: Hold
Current Market Cap: €273.1M
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