Shenzhen-listed Formax Fintech Delays Hong Kong IPO That Sought RMB943 Million
Formax Fintech (06700), a banking-focused fintech services provider whose A shares (300468. SZ) already trade in Shenzhen, said on the evening of September 17, 2026 that it has decided to delay its global offering and listing after considering multiple factors, including current market conditions. The company, which had sought to raise RMB943 million in Hong Kong, said the delay will not affect its existing business, and it and the joint overall coordinators are assessing a revised timetable.
Formax Fintech (06700), whose public offering closed at midday on September 17, 2026, announced in a filing that evening that it has decided to delay its global offering and listing after taking into account a number of factors, including current market conditions.
The company said the decision to delay the global offering will not affect its current business. Formax Fintech and the joint overall coordinators are evaluating an updated timetable for the global offering and listing.
Formax Fintech is a financial technology services provider focused on the banking sector, and its A shares (300468. SZ) are already listed in Shenzhen. The company had planned to list in Hong Kong to raise RMB943 million, and had brought in Chow Tai Fook (01929) vice chairman Cheng Chi-heng and Henderson Land (00012) chairman Lee Ka-kit, among others, as cornerstone investors. The sponsors were CMBI and Guosen Securities (Hong Kong).
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