Guangda Environment (00257.HK) proposes to issue RMB shares and list on the Shenzhen Stock Exchange.

Financial news from the Securities Times app, Guangda Environment (00257.HK) announced that on November 14, 2025, the board of directors approved a preliminary proposal to potentially issue Renminbi shares and list the said Renminbi shares on the Shenzhen Stock Exchange. The proposal to issue Renminbi shares is subject to and restricted by market conditions, approval by shareholders at a general meeting of shareholders, and necessary regulatory approvals. The company plans to issue a maximum of 800 million Renminbi shares, with the net proceeds intended for the development of the company's main business and to supplement general operating funds, subject to the disclosure in the prospectus approved by the relevant regulatory authorities.