Xi Long Will Temporarily Shelve Its Listing Plan, Saying It Will Take Time To Investigate.

The mainland sporting goods firm, which was scheduled to launch in Hongkong on Friday, announced yesterday that it will suspend its listing plan for the time being.

For the reasons for shelving the listing, Xi only said that the company "needs more time to consider the situation that we are aware of".

It is reported that in accordance with the original stock option plan, Xi Long lung intends to sell 500 million shares, with the offer price between 1.38 and HK $1.98, and plans to raise HK $690 million to HK $990 million.

In the first half of this year, the share price of Hong Kong stocks broke out, and the share prices of the 20 companies listed in Hong Kong in the first half of the year almost all fell below the issue price. The same as sporting goods company Baosheng international and XTEP International did not escape this bad luck.

Only the clocks and jewellery market reacted well with the new stock offering of the same time.