<div id="readability-page-1"><h3>Claim 55% Off TipRanks</h3><ul><li>Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions </li><li> Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks </li></ul>The latest announcement is out from Shanghai Voicecomm Information Technology Co Ltd Class H ( (HK:2495) ). Voicecomm Technology Co., Ltd. has disclosed additional details on the termination of a planned issue of new H shares under its general mandate, known as Subscription B, after certain conditions precedent were not met within the required timeframe. The company and the subscriber mutually agreed to end the deal via a deed of termination after recognizing that regulatory consents and approvals tied to PRC foreign exchange rules could not be obtained before the long stop date. According to the company’s PRC legal adviser, the proposed cross-border capital flow under Subscription B triggered a need for a careful assessment of foreign exchange registration or approval requirements overseen by the State Administration of Foreign Exchange. While some conditions for completion were expected to be satisfiable, the unresolved regulatory approvals created timing uncertainty, prompting both parties to walk away from the transaction and leaving Voicecomm to seek alternative funding or capital-raising options in the future. More about Shanghai Voicecomm Information Technology Co Ltd Class H Voicecomm Technology Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong as an H-share issuer. The company operates in the technology and communications sector, and its Class H shares trade under stock code 2495, giving it access to international capital via the Hong Kong market. Average Trading Volume: 90,529 Technical Sentiment Signal: Sell Current Market Cap: HK$1.85B </div>

02495

Voicecomm Technology Co., Ltd. has terminated its planned issuance of new H shares due to delays in obtaining necessary regulatory approvals related to PRC foreign exchange rules. The mutual decision to end the deal was made after recognizing that the required consents could not be secured before the deadline. The company will now explore alternative funding options.

Voicecomm Ends H-Share Subscription Over PRC FX Approval Delays