Honor's Response to Listing Rumors and Future Plans
TapTechNews August 5th news, in response to rumors related to listing, Honor today responded to the Science and Technology Innovation Board Daily stating that: It has always adhered to the principle of open and transparent development, and will also continue to diversify its equity structure. Honor plans to start the corresponding joint-stock reform in the fourth quarter of this year andtimely start the IPO process thereafter. Honor will disclose relevant financial data in the corresponding process. Since January 1, 2021, Honor has not received beyond the support for ordinary enterprises from the Shenzhen Municipal Government.
After the Honor new product launch event last November, Honor CEO Zhao Ming said in an interview that Honor will go public in China, and the specific listing plan is determined by shareholders and the board of directors, and as the CEO, he is mainly to do a good job in operation.
Last year, there was an internal document of Honor showing that in order to realize the strategic development of the company in the next stage, the company will continuously optimize the equity structure and attract diversified capital to enter, and promote the company to land on the capital market through the initial public offering.
According to TapTechNews' previous report, on November 20 last year, Wu Hui, the former chairman of the original Shenzhen Water (Group) Co., Ltd., had already joined Honor Terminal Co., Ltd. in October of the same year and will serve as the chairman.
Wu Hui had resigned as the legal representative of the Water Group on November 17. The Water Group is a Shenzhen municipal state-owned enterprise, and its predecessor was the Shenzhen Tap Water (Group) Co., Ltd. established in 1981. For easy management, the legal representative and chairman of the state-owned enterprises under the Shenzhen state-owned assets are the same person.
Another senior executive of a Shenzhen state-owned assets company disclosed that one of Wu Hui's main tasks in Honor is to promote the company's listing process.
In response to Wu Hui serving as the chairman of Honor, Zhao Ming explained that if Honor wants to enter the capital market, it must improve the board of directors according to the requirements of the capital market, and after Mr. Wu joins,the board of directors becomes more diversified. He also added: We are from the business background and need the diversity of the board of directors, and need more diversified professionals to join to make decisions more accurate and scientific.