Group 1 - The acquisition plan of Mengwang Cloud Technology Group Co., Ltd. for Hangzhou Bicheng Digital Technology Co., Ltd. has been officially terminated due to a legal obstacle caused by the freezing of 10.51 million shares held by the third-largest shareholder, Hangzhou Chengxiang Enterprise Management Partnership [2] - The failed acquisition signifies another setback for Bicheng Digital's path to capitalization, as the company had previously submitted an IPO application in December 2021 to raise 788 million yuan but withdrew it eight months later due to regulatory concerns [5] - Bicheng Digital operates as a comprehensive e-commerce service provider, covering brand retail, operational management, channel distribution, and digital marketing, with notable clients including Siemens, BMW, and Omron [5] Group 2 - The entity Hangzhou Chengxiang, which became the third-largest shareholder of Bicheng Digital in May 2023, is now embroiled in a contractual dispute leading to the freezing of its shares, highlighting ongoing uncertainties at the shareholder level [5]
IPO“折戟”三年 碧橙数字资本化之路再度遇挫
Xi Niu Cai Jing·2025-09-05 08:04