Rain Technology reported on June 27 that today, according to the government service platform of the China Securities Regulatory Commission, Honor Terminal Co., Ltd. (hereinafter referred to as “Honor”) has recently completed the listing guidance filing with the Shenzhen Securities Regulatory Bureau, marking a key step in its official launch of the A-share IPO.
The filing report shows that Shenzhen Zhixin New Information Technology Co., Ltd. is the controlling shareholder of Honor and currently directly holds 49.55% of the company’s shares. CITIC Securities serves as the brokerage firm for this listing guidance and provides professional support for Honor’s road to listing.
As early as November 2023, Honor issued an announcement stating that in order to achieve the company’s next stage of strategic development goals, it will continuously optimize the equity structure, introduce diversified capital, and promote the company to enter the capital market through the initial public offering of shares. This tutoring filing is undoubtedly an important progress in this strategic planning.
On December 28, 2024, Honor Terminal Co., Ltd. completed the procedure for the overall change to a joint-stock company in accordance with the law, and officially changed its name to “Honor Terminal Co., Ltd.”. This transformation is an important step in the company’s share reform.
This marks that Honor’s shareholding transformation has been completed, laying the foundation for the subsequent launch of the IPO process. Shareholding transformation is a necessary step for the company to go public, which helps to improve the corporate governance structure and improve operational efficiency.
According to media reports, Honor has gathered more than 20 shareholders. In 2024, many central and state-owned enterprises including China Mobile, China Telecom, and funds under CICC Capital successively invested in Honor, showing the market’s confidence in Honor’s development prospects, and also providing stronger support for Honor’s listing.
