New Stock News | Drip irrigation discontinued Hong Kong IPO plan and prioritized launching private equity fund operations.

Financial channel APP learned that recently, Li Xiaojia, former Chief Executive of Hong Kong Stock Exchange (00388.HK), founded Drip Irrigation Communication and released a shareholder letter, announcing the decision to temporarily suspend the 21-chapter listing application of Drip Irrigation Investment Company (MIFC) because the company is having difficulty in completing the required regulatory procedures and processes in a short period of time, and the related procedures are taking significantly longer than expected. Li Xiaojia explained that although the success of the 21-chapter "public fund" listing would bring many benefits to the short-term development of Drip Irrigation Communication, the uncertainty of timing has already started to affect the overall development pace of Drip Irrigation Communication.