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Express News | China's Securities Regulator Issues Filing Notice for Dmall Inc's Hong Kong Listing
Interpretation of IPOs | Highly dependent on related entities. Is there a “catch” behind the continuous loss reduction in multi-point intelligence?
Although it is known as “the largest retail cloud solution service provider in China and the leading retail cloud solution service provider in Asia,” Duodintech's journey to go public in Hong Kong has had its ups and downs. The Zhitong Finance App learned that Dmall Inc. (Dmall Inc.) submitted a prospectus to the Hong Kong Stock Exchange on April 30 and applied for listing on the Hong Kong Stock Main Board. However, this is the third time that Daoji has hit Hong Kong stocks. The first two were December 7, 2022, and June 30, 2023, respectively. Furthermore, the first two co-sponsors were CMB International and Credit Suisse, while the current co-sponsors have been adjusted to UBS Group, CMB International, and China Merchants Securities International.
More Dmall breaks into the Hong Kong Stock Exchange, and gross margin fluctuates
Can veteran Zhang Wenzhong lead Dmall to break through Hong Kong stock IPOs three times?
Credit Suisse withdraws from “Multi-Dmall” Hong Kong IPO sponsor
On November 24, 2023, Dmall Inc. (hereinafter referred to as “Multipoint Dmall”) announced the termination of the appointment of Credit Suisse (Hong Kong) Limited as its overall coordinator. As of the announcement date, the overall coordinators appointed by Dmall were CMB International (sponsor), China Merchants Securities International, CITIC Leon, Nomura International, and CICC.
IPO preview | With a loss of 4.1 billion dollars since 2020, will the multi-point intelligence that hit the Hong Kong Stock Exchange for the second time break the loss spell?
In the first half of this year, secondary filing projects in the Hong Kong stock filing program became the norm, and multi-point intelligence was no exception. Recently, Dmall Inc. (Dmall Digital Intelligence Co., Ltd.) once again submitted a listing application to the Hong Kong Stock Exchange after a lapse of half a year. As the largest retail cloud solution service provider in China, Dmall Digital Intelligence has not relaxed its entry into the secondary market. Compared with half a year ago, the company's concerns about the market have not abated but increased. Judging from the initial prospectus submission, multi-point intelligence faces two major development problems: continuous losses and heavy dependence on Wumei. However, after a lapse of half a year, according to the prospectus submitted this time, the company will be in China in 2022
Chinese Online Retail-Services Provider Dmall Plans Hong Kong IPO
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