Broad-Ocean Motor announced that its board of directors has reviewed and approved a proposal to terminate the issuance of H-shares and listing on the main board of the Hong Kong Stock Exchange. The company stated that this termination is a prudent decision made after weighing multiple factors and considering actual circumstances, and will not have a material adverse impact on its production, operations, or sustainable development. Previously, the company first submitted its listing application to the Hong Kong Stock Exchange on September 22, 2025, but did not resubmit the prospectus after its six-month validity period expired. The company had originally planned to use the proceeds from the H-share listing for the second-phase construction of its Morocco production base, research and development projects, and digitalization initiatives, and will now resolve the funding sources through its own funds or other means. Recently, the A-share refinancing market has seen a notable recovery, with 46 companies disclosing private placement plans so far this month, including Avary Holding raising 9.6 billion yuan and Datang International Power Generation raising 8 billion yuan.
Zhongshan Broad-Ocean Motor Co LtdTermination of H-share issuance and Hong Kong listing, a capital markets event that may signal reduced access to equity financing.
Avary Holding Shenzhen Co Ltd Class A
Shandong Linglong Tyre Co Ltd
Datang International Power Generation Co Ltd Class A