Merit Interactive announced that its application to issue shares to specific investors has been approved by the Listing Review Center of the Shenzhen Stock Exchange. The exchange issued a notification letter stating that the company meets the issuance conditions, listing conditions, and information disclosure requirements, and will subsequently report to the China Securities Regulatory Commission for registration procedures in accordance with regulations. The company also cautioned that this issuance still requires approval for registration from the China Securities Regulatory Commission before it can be implemented, and there remains uncertainty as to whether and when such approval will be obtained.
Zhejiang Merit Interactive Network Technology Co Ltd Class AShare issuance approved by Shenzhen Stock Exchange review, enabling capital raise.