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Sinoboom

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    Third IPO attempt after two withdrawals; revenue reliance on financing leases questioned

    Xingbang Intelligent withdrew its ChiNext application in 2021 after three rounds of inquiries, withdrew its 2024 Shanghai Main Board application without responding to inquiries, and later turned to the Beijing Stock Exchange; it was questioned over revenue relying heavily on financing lease settlement, conflicting customer sales data, and pre-IPO last-minute shareholding. Its IPO was terminated twice.

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