GEM Directors Approve Hong Kong Share Listing Plan

MT Newswires Live

08/25

GEM (SHE:002340) directors approved a plan to list its shares on the Hong Kong Exchanges and Clearing (HKG:0388), according to a Monday filing with the Shenzhen Stock Exchange.

The Shenzhen-listed recyclable materials distributor is in discussions with banks for the proposed share offering.

The Hong Kong share listing is pending approval by investors and by securities regulators in Hong Kong and mainland China, the filing said.

Shares rose over 2% during morning trading on Monday.

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