Tianjin 712 Communication & Broadcasting (603712.SH) announced that the company's controlling subsidiary Tianjin 712 Mobile Communication Co., Ltd...
Zhitong Finance and Economics APP News, Tianjin 712 Communication & Broadcasting (603712.SH) announced that the company's controlling subsidiary Tianjin 712 Mobile Communication Co., Ltd. (hereinafter referred to as "Jin Yi Communications") intends to apply for listing its stocks on the national equities exchange and quotations (referred to as the "new third board listing"). The new third board listing still needs to obtain the approval of the National Equities Exchange and Quotations Co., Ltd., and there is uncertainty regarding the listing time and result. Investors are advised to pay attention to investment risks.
After Jin Yi Communications is listed on the new third board, it will benefit from further improving the company's corporate governance structure, flexibly seizing opportunities in the capital markets, promoting the business development of Jin Yi Communications, and further enhancing its core competitiveness. After Jin Yi Communications is listed on the new third board, it will still be a wholly-owned subsidiary within the scope of the company's consolidated financial statements, which will not affect the company's control over Jin Yi Communications, its independent listing status, or have a significant adverse impact on the company's financial condition, operating results, and continued operations. Jin Yi Communications' listing on the new third board is in line with the company's long-term global strategy.
