After Manus's acquisition plan was halted, multiple Chinese AI companies are evaluating dismantling red-chip structures to advance Hong Kong stock IPOs

Deep Tide TechFlow news: On May 02, according to The Information, after related acquisition plans involving the AI agent company Manus were halted, the China Securities Regulatory Commission has tightened its IPO review of red-chip-structured companies listing in Hong Kong. Several AI companies planning to go public have begun assessing whether to dismantle overseas structures and return to domestic operating entities. Mysterious Abyss is in discussions with lawyers regarding structural reorganization and has not yet made a final decision. Stepwise Star has already initiated the dismantling of its overseas holding structure, believing that switching to a domestic entity will help shorten the approval cycle. DeepRoute.ai is also conducting similar assessments. Industry insiders say that dismantling a red-chip structure typically takes 6 to 12 months and involves processes such as equity buybacks, establishing joint-venture entities, and tax treatment. While regulators have not yet issued a comprehensive ban, they have already sent inquiries regarding the overseas holding arrangements of the relevant companies.