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Hithium’s Second Attempt at an IPO Should Face Greater Scrutiny
In Hithium’s case, the fundamental red flags that contributed to the initial lapse of their A1 certificate haven’t disappeared. The subsidy-driven business model remains questionable, the revenue impact from their largest client, Powin, bankruptcy is still being felt, and the legal and regulatory issues continue to mount. The question that remains is whether Hithium can…
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Hithium’s Lapsed A1 Listing Application Signals Trouble Ahead
Hithium’s A1 application for an IPO on the Hong Kong Stock Exchange has quietly lapsed after six months — a troubling signal for investors and industry watchers. While it may appear procedural, the lapse underscores deeper issues with the company’s financial health, management readiness, and reliance on government subsidies. With its largest overseas client, Powin,…