Transten Global Group Files for Proposed IPO

Transten Global Group (TTG) has filed for a proposed IPO.

The company describes itself as: "We are a holding company incorporated in the Cayman Islands with no operations of our own and not a Chinese operating company. As a result, we conduct all of our operations through UDEL UK, UDEL Australia, and our PRC operating entities. The Class A Ordinary Shares offered in this prospectus are shares of the Cayman Islands holding company and not shares of UDEL UK in the UK or shares of the PRC operating entities in the PRC. Holders of our Class A Ordinary Shares do not directly own any equity interests in the operating entities but will instead own shares of a Cayman Islands holding company. The Chinese regulatory authorities could disallow our corporate structure, which would likely result in a material adverse change in our operations and/or a material adverse change in the value of our Class A Ordinary Shares, including that it could cause the value of our Class A Ordinary Shares to significantly decline or become worthless. See “Risk Factors — Risks Relating to Doing Business in the PRC — Chinese regulatory authorities could disallow our holding company structure, which may result in a material adverse change in our operations and/or a material adverse change in the value of the securities we are registering for sale, including that it could cause the value of such securities to significantly decline or become worthless.”'

US Tiger Securities will serve as sole underwriter.

Source: Investing.com