Beijing UBOX Online Technology (HKG:2429) has initiated the process to convert its unlisted shares into tradeable H shares on the Hong Kong stock exchange, according to a bourse filing on Monday.
The company has submitted an application to the China Securities Regulatory Commission, seeking approval to implement H share full circulation for 76,319,674 unlisted shares.
Under the proposed plan, these shares would be converted to H shares on a one-to-one basis.
The shares will be converted, listed, and traded on the Hong Kong stock exchange.
The vending machine operator has yet to apply to the Hong Kong bourse for permission related to the conversion and listing.
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