HAND Enterprise Solutions (SHE:300170) will terminate its plan to offer and issue shares on the Hong Kong Stock Exchange, according to a Shenzhen bourse filing on Wednesday.
The software developer's shares fell 2% during Thursday's morning trade.
The company said the decision was made after considering the macroeconomic environment, capital market conditions, and its own development plans.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.