Update: CALB Group Board Approves Conversion of Domestic Shares

MT Newswires Live

02/06

CALB Group (HKG:3931) said its board approved the proposed conversion of 207.1 million domestic shares into H shares of the company, according to a Hong Kong bourse filing Thursday.

Shares of the EV battery maker gained over 3% in morning trade Friday.

The shares to be converted represent 11.69% of the company's issued shares and are subject to approval from relevant authorities.

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