Rainwater Technologies reported on June 27 that Honor Terminal Co. Ltd. (hereinafter referred to as Honor), the government services platform of China’s Securities Regulatory Commission, recently completed the submission of its listing guidelines to the Shenzhen Securities Regulatory Bureau, marking a key step in the official launch of its Safe Haven Haven Ipo. The filing reports that Shenzhen Xin Information Technology Co., Ltd. is an Honorary Shareholder and currently holds 49.55% of the company’s shares directly. Citic Securities is the brokerage firm for the listing guide and has provided expert support to Honor on its path to market.
Back in November 2023, Honor released an announcement titled the company’s next strategic growth objective, which would continue to optimize its share structure, bring in diversified capital and facilitate the company’s access to the capital markets through its first public equity stake. This advisory filing is certainly an important advancement in that strategic plan.
According to the law, on December 28, 2024, Honor Terminal Co., Ltd. this transformation is an important step in the reform of the company’s stock.
This marked the completion of the honor and interest conversion and set the stage for the subsequent IPO process. Equity conversion is a necessary step for a company to open up its operations, which helps to improve its governance structure and increase operational efficiency.
According to the media report, Honor collected more than 20 shareholders. In 2024, many central and state-owned enterprises, including China Mobile, China Telecom and CICC Capital, invested in Honor, demonstrating the market’s confidence in Honor’s growth prospects and providing greater support for its IPO.
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