WEIGAO GROUP (01066): Proposes H-Share Full Circulation Implementation

Stock News

Sep 29

WEIGAO GROUP (01066) announced that its board of directors has reviewed and approved a proposal for H-share full circulation involving 48.3 million unlisted shares held by certain shareholders, representing approximately 1.06% of the total issued shares as of the announcement date.

Upon obtaining all relevant approvals, including filing notification from the China Securities Regulatory Commission and approval from the Stock Exchange of Hong Kong Limited, and in compliance with all applicable laws, rules and regulations, the 48.3 million unlisted shares will be converted into H-shares. The company will apply to the Hong Kong Stock Exchange for the listing and trading of these H-shares on the Main Board.

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