Hanbell Precise Machinery announced that its investee company Denair Energy Saving Technology, in which it holds a 16.67 percent stake, has decided to terminate its listing work on the Beijing Stock Exchange and withdraw the previously submitted listing application materials, based on its own business development direction and strategic planning considerations. Denair submitted its listing application to the Beijing Stock Exchange on December 30, 2024, and received the acceptance notice the following day. The company stated that Denair's operations are normal, and the withdrawal of the listing application will not have a material impact on Hanbell Precise Machinery's production, operations, or financial condition.
Shanghai Hanbell Precise Machinery Co LtdInvestee's BSE listing withdrawal; no material impact on Hanbell's operations or finances.
Denair withdraws its Beijing Stock Exchange listing application, halting its IPO process.
