New Stock News | The prospectus for the Hong Kong IPO of Chinese enterprise Yunlian has become invalid.

China Enterprise Cloud Chain Co., Ltd. (referred to as China Enterprise Cloud Chain) submitted its Hong Kong IPO prospectus on May 6, which expired after 6 months on November 6. At the time of submission, China Securities Co., Ltd. International, Agricultural Bank International, Industrial and Commercial Bank International, and Maishi Capital were the joint sponsors. According to the prospectus, China Enterprise Cloud Chain is China's leading independent industrial digital financial platform, matching various stakeholders in the entire industrial finance supply chain. According to Frost & Sullivan data, among all digital accounts receivable verification platforms in China, including independent platforms (constructed by service providers independent of core enterprises or financial institutions) and non-independent platforms (constructed by core enterprises or financial institutions), the company has the largest amount of verified accounts receivable and total financing obtained in 2024, with market shares of 14.2% and 15.0% respectively.