Shenzhen Stock Exchange rejects Das Solar’s listing plan
- Admin
- Sep 6, 2024
- 2 min read
The Shenzhen Stock Exchange rejected Das Solar's IPO after its sponsor, Sinolink Securities, withdrew from the listing effort. Das Solar, founded by Liu Yong in 2018, faced challenges despite significant growth in revenue. Key shareholders included SPIC, Sinopec, CICC Capital, and Boshi Capital. Das Solar focused on n-type tunnel oxide passivated contact solar cells and modules but failed to raise the planned capital.
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