Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen SpaceXs_Pro for the clue delivery! CTOnews.com, November 20, according to Interface News, Wu Hui, former chairman of Shenzhen Water Affairs (Group) Co., Ltd., joined Glory Terminal Co., Ltd last month and may take up the post of chairman.

According to the report, Wu Hui stepped down as the legal representative of the Water Group on November 17. Water Group is a state-owned enterprise in Shenzhen, formerly known as Shenzhen Water supply (Group) Co., Ltd., which was established in 1981. In order to facilitate management, the legal representative and chairman of the state-owned enterprises under Shenzhen state-owned assets are the same person.

Another senior official of the state-owned assets management company in Shenzhen revealed that one of Wu Hui's main tasks in Glory is to promote the listing process of the company. However, Shenzhen SASAC Enterprise leadership Management Office responded that "I do not know the specific situation", while Glory did not respond for the time being.

The report also said that as Glory has not yet carried out share reform, according to the regulations of the Securities Regulatory Commission, it will take several years to formally follow the IPO process, so Glory plans to be listed in a backdoor listing.

Screenshot of the original report of ▲ and according to Leifeng, Glory has publicly denied the rumor of "backdoor listing", but previously Glory did have a backdoor listing plan, with the former chairman Wan Biao to contact and negotiate. According to Glory employees, Glory's listing plan will be further delayed. The previous statement on the staff meeting and channel side of Glory is that Glory will be listed in 2025 or in Q3 at the latest.

As previously reported by CTOnews.com, data released last month by analyst firm Canalys showed that Glory returned to the top spot in Chinese mainland smartphone shipments with an 18% market share in the third quarter of 2023, with 11.8 million units shipped, relying on product and channel competitiveness.

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