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IPO suspension, Blue Arrow Aerospace responds: due to financial documents in the application materials being past their validity period
People’s Finance Network, March 31—On March 31, the Shanghai Stock Exchange website showed that the Blue Arrow Aerospace science and technology innovation board (STAR Market) IPO was halted. In response, Blue Arrow Aerospace said that the “halt” shown on the SSE website is because the financial materials cited in the company’s filing materials have exceeded their validity period, requiring the submission of the relevant updated financial materials and application documents. This falls under an adjustment of the procedural review status. Blue Arrow Aerospace stated that, at present, the company is advancing the updating of financial data, the audit, and the supplementation of its filing documents in accordance with regulations. The above-mentioned “halt” does not mean that the review has been terminated; in the next steps, the company will submit updated materials in a timely manner in accordance with regulations. On December 31 of last year, the Blue Arrow Aerospace STAR Market IPO showed that it had been accepted; on January 22 this year, it was questioned. (Jiemian News)