On 5 January, Chint Electric announced plans to issue overseas shares (H-shares) and list on The Stock Exchange of Hong Kong Limited. This initiative aims to meet business development needs, advance internationalisation strategies, leverage international capital markets to diversify financing channels, and enhance the company's overall competitiveness.
The announcement stated that in accordance with relevant laws and regulations, the proposed H-share issuance and listing plan requires approval by the company's board of directors and shareholders' meeting, as well as filing, approval or authorisation from regulatory bodies including the China Securities Regulatory Commission, the Hong Kong Stock Exchange, and the Hong Kong Securities and Futures Commission. Currently, the company is discussing specific implementation arrangements for the H-share issuance and listing with relevant intermediaries, with details yet to be finalised.
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