TAIMEI TECH (02576) Plans to Implement H-Share Full Circulation

Stock News

Sep 29

TAIMEI TECH (02576) announced that the company has submitted a filing to the China Securities Regulatory Commission (CSRC) for the implementation of H-share full circulation of the company's H-shares. According to the CSRC filing, the company has applied to the CSRC on behalf of certain shareholders to convert a total of 363 million domestic shares held by these shareholders into H-shares and list them on the Hong Kong Stock Exchange (conversion and listing). Following the receipt of all filings and/or approvals from relevant regulatory authorities (including the CSRC and the Hong Kong Stock Exchange) and compliance with all applicable laws, regulations and rules, the domestic shares will be converted into H-shares, and such H-shares will be listed and traded on the Main Board of the Hong Kong Stock Exchange. According to the company's articles of association, the company is not required to convene a shareholders' meeting to approve the conversion and listing.

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