CALB Group (HKG:3931) said its board approved the proposed conversion of 207.1 million domestic shares into H shares of the company, according to a Hong Kong bourse filing Thursday.
Shares of the EV battery maker gained over 3% in morning trade Friday.
The shares to be converted represent 11.69% of the company's issued shares and are subject to approval from relevant authorities.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.