According to the company’s announcements in April 2021 and September 2021, Comba Telecom Systems proposed the spin-off and separate listing of Comba Network on the Shanghai Stock Exchange Science and Technology Innovation Board, also known as the Shanghai Stock Exchange STAR Market.
Dual-listed Comba Telecom (SGX:STC
) Systems, says it will terminate the proposed spin-off and A-share listing of Comba Network. Comba Telecom Systems has a primary listing on the Hong Kong Stock Exchange (HKEX) and secondary listing on the Singapore Exchange (SGX:S68) (SGX). The company joined SGX’s Mainboard in January 2023.
In its announcement released on the evening of Oct 18, the termination comes amid “significant changes” in the domestic initial public offering (IPO) environment and capital market as well as latest developments in the macroeconomic and market environment.
