Suzhou Longjie announced that the company has decided to terminate its A-share private placement and withdraw the application documents. The company and its sponsor Guosen Securities have submitted a withdrawal application to the Shanghai Stock Exchange, and recently received the exchange's decision to terminate the review. The offering was originally planned to raise funds for the development of its main business. Due to the termination, it will not proceed, and no arrangements for filling the diluted immediate returns will be involved.
Suzhou Longjie Special Fiber Co LtdTermination of private placement means loss of planned capital for main business development.