Summary by Moomoo AI
CHINA SOUTHERN AIRLINES CO., LTD. (“CHINA SOUTHERN AIRLINES”) RECENTLY ANNOUNCED THAT ITS NON-WHOLLY OWNED SUBSIDIARY SOUTHERN AIR LOGISTICS CO., LTD. (“SOUTHERN AIR LOGISTICS”) HAS SUBMITTED APPLICATION MATERIALS TO THE SHANGHAI STOCK EXCHANGE (STOCK EXCHANGE) FOR THE INITIAL PUBLIC OFFERING OF SHARES AND LISTING ON THE MAIN BOARD, AND BY 2023 12 Received a notice of acceptance on the exchange on March 31. The notice indicates that the application documentation is complete, in accordance with the legal form, and the exchange will be reviewed in accordance with the law. China Southern Airlines referred to this demerger in its announcements of 30 November 2022, 28 March 2023, 28 April and 19 May 2022 and in its Circular dated 4 April 2023. Currently, there is uncertainty about the IPO of Southern Logistics, which is subject to the approval of the exchange and the registration decision of the China Securities and Exchange Commission. CHINA SOUTHERN AIR UNDERTAKES TO FULFILL ITS DISCLOSURE OBLIGATIONS IN A TIMELY MANNER BASED ON THE PROGRESS OF THE LISTING AUDIT AND REMINDS INVESTORS TO BE AWARE OF INVESTMENT RISKS.