In a post-event media briefing following the launch of its latest Honor 400 series, executives from Honor, including CEO Li Jian, addressed key topics for the company. Among the most anticipated updates was the progress on the company’s much-discussed Initial Public Offering (IPO) plans.
According to reports, CFO Peng Qiuen revealed that Honor has completed its shareholding restructuring. Furthermore, the company has engaged financial advisors, legal counsel, and accounting firms to begin the necessary preparations for going public, with all related activities underway.
Regarding the timing of the IPO, Peng explained that the company will carefully consider a variety of factors, including market conditions, regulatory environment, and its own strategic development to determine the most opportune moment, aiming for an outcome that satisfies all stakeholders.
This follows Honor’s official announcement on December 28, 2024, where the company disclosed that Honor Terminal Co., Ltd. had been legally transformed into a joint-stock limited company. The company’s name has subsequently been changed to Honor Terminal Co., Ltd.
Following the restructuring process, Honor will initiate its IPO procedures at the appropriate time, with further details to be released during the subsequent stages.
Addressing rumors circulating in the market about a potential backdoor listing, Honor has previously stated that it will pursue an IPO to facilitate its next phase of strategic growth and gain access to capital markets.
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