🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Transten Global Group Files for Proposed IPO

Published 29/10/2024, 21:40
© Reuters.

Transten Global Group (TTG) has filed for a proposed IPO.

The company describes itself as: "We are a holding company incorporated in the Cayman Islands with no operations of our own and not a Chinese operating company. As a result, we conduct all of our operations through UDEL UK, UDEL Australia, and our PRC operating entities. The Class A Ordinary Shares offered in this prospectus are shares of the Cayman Islands holding company and not shares of UDEL UK in the UK or shares of the PRC operating entities in the PRC. Holders of our Class A Ordinary Shares do not directly own any equity interests in the operating entities but will instead own shares of a Cayman Islands holding company. The Chinese regulatory authorities could disallow our corporate structure, which would likely result in a material adverse change in our operations and/or a material adverse change in the value of our Class A Ordinary Shares, including that it could cause the value of our Class A Ordinary Shares to significantly decline or become worthless. See “Risk Factors — Risks Relating to Doing Business in the PRC — Chinese regulatory authorities could disallow our holding company structure, which may result in a material adverse change in our operations and/or a material adverse change in the value of the securities we are registering for sale, including that it could cause the value of such securities to significantly decline or become worthless.”'

US Tiger Securities will serve as sole underwriter.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.