Newtrend Receives Hong Kong Approval for H Share Conversion

MT Newswires Live

03/05

Newtrend (HKG:2573) said it received Hong Kong regulatory approval to convert around 41.1 million domestic shares into an equal number of H shares, according to a filing with the city's bourse Thursday.

The stocks are held by two shareholders, Wang Xiaoqiang and Shenzhen Newtrend Industrial Development, and represent around 43% of the business.

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