On April 29, Asia Silicon (Qinghai) Co., Ltd. and Ping An Securities applied to cancel the company’s IPO on the Science and Technology Innovation Board. On May 1, the Shanghai Stock Exchange terminated Asia Silicon’s ongoing listing review. Asia Silicon has not disclosed the reason for the withdrawal.
Established in 2006, Asia Silicon is a supplier of high-purity polysilicon materials. Its business also covers photovoltaic power plants and electronic gases. In 2021, after-tax profit is expected to be around 2 billion yuan (US$300 million).