PHANCY (06682) suggests implementing full circulation of H shares.
FanShi Intelligent (06682) announced that, in accordance with the guidance, the Board of Directors has considered and approved a proposal to convert 53,157,700 shares of the company's domestically unlisted shares held by the company's controlling shareholder and other shareholders into H shares of the company (H shares fully tradable), accounting for approximately 9.52% of the total issued share capital of the company as of the date of this announcement. The implementation of the full circulation of H shares is subject to filing with the China Securities Regulatory Commission and approval by the Hong Kong Stock Exchange.
PHANCY (06682) announced that, in view of the guidance, the board of directors of the company has reviewed and approved the proposal to convert 53.1577 million shares of the company held by the company's controlling shareholder and other shareholders in the PRC into H shares of the company (fully tradable H shares), accounting for approximately 9.52% of the total issued share capital of the company as of the date of this announcement. The implementation of fully tradable H shares is subject to approval from the China Securities Regulatory Commission and the Stock Exchange of Hong Kong.
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