Shenzhen Stock Exchange rejects Das Solar's listing plan

China's Shenzhen Stock Exchange has terminated Das Solar's initial public offering (IPO) application in response to the withdrawal of its sponsor, Sinolink Securities. The decision ends Das Solar's eight-month bid to go public. The Shenzhen Stock Exchange has rejected Das Solar's planned IPO because its sponsor, Sinolink Securities, has withdrawn from the Chinese company's eight-month effort to list its shares. Das Solar, founded in 2018 by Liu Yong - a graduate of the University of Science and Technology of China, with a background in semiconductor manufacturing at SMIC - has faced significant ...

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