Babytree Group Delists from Hong Kong Stock Exchange to Focus on Core Business and Achieve High-Quality Development

Tech 2024-12-05 09:37:46 Source: Network

Babytree Group Delists from Hong Kong Stock Exchange to Focus on Core Business and Achieve High-Quality DevelopmentOn the evening of December 4, 2023, Babytree Group announced its delisting from the Hong Kong Stock Exchange. This news has drawn market attention and marks a new development phase for the company, once known as "China's first internet maternal and infant company

On the evening of December 4, 2023, Babytree Group announced its delisting from the Hong Kong Stock Exchange. This news has drawn market attention and marks a new development phase for the company, once known as "China's first internet maternal and infant company." In the announcement, Babytree Group stated that it respects the rules of the Hong Kong Stock Exchange and that the delisting was a difficult decision made after careful consideration. However, the company clarified that this does not mean it will sever ties with the capital market.

The announcement explicitly stated that the delisting will not significantly impact the company's daily operations or business development. Babytree Group emphasized its consistently positive overall operations and stable cash flow, laying a solid foundation for navigating economic cycles and adapting to industry transformation and upgrading. Prior to this, on December 4, the Hong Kong Stock Exchange (HKEX) issued an announcement confirming the delisting of Babytree Group (01761), effective December 9.

Since its listing on the HKEX on November 27, 2018, Babytree Group has been dedicated to cultivating the maternal and infant industry and actively exploring innovative business models. However, after experiencing market fluctuations and industry challenges post-listing, the company ultimately chose to delist and embark on a new chapter.

Babytree Group Delists from Hong Kong Stock Exchange to Focus on Core Business and Achieve High-Quality Development

The announcement detailed the reasons behind the delisting. The company explained that it had invested significant resources in resuming trading (re-listing) and had made substantial progress. However, due to a combination of factors, the company was unable to complete all the re-listing work within the stipulated timeframe, ultimately leading to the decision to delist. This was not a rash decision but was based on a comprehensive assessment of the company's current development status and future strategy.

Importantly, Babytree Group emphasized in the announcement that delisting does not mean the company will forgo seeking external funding. The company will continue to explore various financing channels to support its future development strategy and business expansion. This indicates that Babytree Group will remain actively engaged with the capital market, seeking cooperation with investors to jointly promote the company's growth.

Furthermore, the announcement highlighted Babytree Group's current business development strategy and achievements. The company stated it is focusing on dual-wheel growth of its core business, aiming to strengthen and improve its offerings, and actively deploying into blue ocean and trending markets in the maternal and infant sector. Specifically, the company has launched a C2M age- and effect-specific serious nutritional infant and toddler product series and is gradually achieving full-scenario coverage of the older children's market and maternal and infant family services. Simultaneously, the company continues its "AI + maternal and infant" strategy, developing its own maternal and infant vertical domain model and product series, which have received positive market feedback.

These measures demonstrate that Babytree Group is actively adapting to the ever-changing market environment, enhancing its core competitiveness through refined operations and innovative development. The company's consistently positive operating conditions and stable cash flow provide a solid guarantee for its future development.

Finally, Babytree Group expressed its gratitude to its shareholders, investors, partners, customers, and all those who care about the company's development, thanking them for their consistent understanding and support. The company pledged to continue demonstrating its sincerity and determination to the market through transparent communication and proactive actions, continuously strengthening its operational fundamentals, aiming for high-quality development, and striving to create sustainable incremental value.

Babytree Group's decision to delist marks a temporary end to its capital market story, but it opens up new possibilities for its future development. Free from the strict financial regulations and information disclosure requirements of a listed company, the company will be more flexible in responding to market changes and can concentrate resources on innovation and development of its core business. In the future, Babytree Group will focus even more on cultivating its own business, providing higher-quality products and services to consolidate its leading position in the maternal and infant market.

Delisting is not a sign of business failure; instead, it may become a crucial turning point for the company to lighten its load, focus on its core business, and achieve high-quality development. Babytree Groups positive attitude and clear development strategy as shown in the announcement have generated more anticipation for its future development. The market and investors will continue to monitor Babytree Group's subsequent development, believing that it can, with its own strength and development strategy, continue to create new glories in the maternal and infant market. This not only reflects Babytree Group's own transformation and upgrading but also provides valuable experience and reference for other companies facing similar challenges.

Babytree Group's stable operating conditions and positive development momentum, as presented in the announcement, have instilled confidence in the market. The company will continue to focus on the maternal and infant sector, cultivating it meticulously and continuously improving product and service quality to provide consumers with a better experience, thereby achieving sustainable development and creating greater value.

This event also serves as a reminder that listed company status is not a guarantee of perpetual operation; business development requires continuous adaptation to market changes and flexible adjustment of development strategies. Babytree Group's case provides a mirror for other companies, emphasizing the importance of continuous innovation and sound operation. Only by continuously improving its own competitiveness can a company remain undefeated in fierce market competition.

Babytree Group's delisting is a significant strategic adjustmentnot an end, but a new beginning. In the future, the company will focus more on its core business, aiming for high-quality development, continuously creating value, and bringing better products and services to consumers. We believe that Babytree Group, with its deep accumulation and innovative capabilities in the maternal and infant sector, will achieve greater success in its future development.

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