Why doesn't Xinlian Environmental Protection go public?

Ownership structure issues, financial issues, according to the query Tianyan official website.

1. Ownership structure: Xinlian Environmental Protection's shareholding structure does not meet the listing requirements, such as excessive concentration of equity and insufficient number of shareholders. The problem leads to the nonstandard corporate governance structure, which further affects the listing process of the company.

2. Financial problems: Xinlian Environmental Protection has financial problems, financial irregularities, improper accounting treatment and inaccurate financial statements. Problems will affect the company's listing application, because listed companies need to meet strict financial standards.