Brief News: PHANCY Withdraws H Share Full Circulation Plan

BambooWorks
2026.05.11 12:55
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The artificial intelligence company PHANCY Technology Group Co., Ltd. has withdrawn its H-share full circulation plan, which allowed non-controlling shareholders to convert domestic shares into H shares. The plan was announced last November and approved by the China Securities Regulatory Commission, involving approximately 13.8 million shares. After the withdrawal of the plan, PHANCY's stock price fell 3.1% on Monday, closing at HKD 38.18, a cumulative decline of about 13.4% this year