Stormwater Technology reported on June 27 that, according to the China Securities Regulatory Commission’s government service platform, Honor Terminal Co., Ltd. (hereinafter referred to as “Honor”) recently completed a listing guide submitted to the Shenzhen Securities Regulatory Bureau, marking a key step in its official launch of the safe haven IPO.
The filing report shows that Shenzhen Xin Information Technology Co., Ltd. is an honorary shareholder and currently directly holds 49.55% of the company’s shares. Citic Securities is the brokerage firm for this listing guide and provides professional support for Honor’s path 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 stock structure, introduce diversified capital, and promote the company’s entry into the capital market through its initial public stock. This kind of counseling application is undoubtedly an important advance in this strategic plan.
December 28, 2024, Honor Terminal Co., Ltd. The overall change procedure for United Stock Company was completed and officially renamed “Honor triminal Co., Ltd.” under the law. This transformation is an important step in the company’s shareholding reform.
This marks the completion of the equity transformation of Honor, laying the foundation for the subsequent IPO process. Equity transformation is a necessary step for the company to conduct publicly, which helps to improve corporate governance structure and improve operational efficiency.
According to media reports, Honor has collected more than 20 shareholders. In 2024, many central and state-owned enterprises, including China Mobile, China Telecom and CICC Capital, invested in honors, demonstrating the market’s confidence in the development prospects of honors and providing stronger support for the listing of honors.
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