Why is Hangsheng Electronics not listed?

The reason why Hangsheng Electronics is not listed is that the equity is frozen. According to Sina Finance, on April 14, 2005, Hangsheng Electronics decided to give up the listing opportunity of the main company ST Fahua, because the equity of legal person shares was frozen, the benefit of ST Fahua was not ideal and the restructuring cost was too high. Established in 1993, Shenzhen hangsheng electronics co., ltd is a leading enterprise in the automotive electronics industry in China.