CIDI (03881) plans to implement full circulation of H shares.
CIDI (03881) has announced that certain existing shareholders of the Company intend to convert a total of 13,454,200 domestic unlisted domestic shares held by them into H shares and list them on the Main Board of The Stock Exchange of Hong Kong Limited (the Stock Exchange) (this Full Circulation). The Company will, on behalf of the shareholders, submit filing applications to the China Securities Regulatory Commission (CSRC) and handle other related matters in respect of this Full Circulation.
CIDI (03881) has announced that certain existing shareholders of the Company intend to convert an aggregate of 13,454,200 domestic unlisted domestic shares held by them into H shares and list them on the Main Board of The Stock Exchange of Hong Kong Limited (the Stock Exchange) (this Full Circulation). The Company will, on behalf of the shareholders, submit filing applications to the China Securities Regulatory Commission (CSRC) and handle other matters in respect of this Full Circulation.
This Full Circulation plan is still subject to the deliberation and approval of the Company's shareholders' meeting, and can only be implemented after obtaining the filing notice from the CSRC, the approval of the Stock Exchange for the listing and trading of the H shares converted under this Full Circulation, and the completion of other applicable approvals, filings, registrations and related procedures.
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