CF PharmTech, Inc. (the “Company”) has approved a proposed plan to convert 107,408,422 domestic unlisted shares, representing approximately 26.1% of its total issued share capital as of the announcement date, into H shares for listing on the Main Board of The Stock Exchange of Hong Kong Limited. This process, known as H Share Full Circulation, requires filing with the China Securities Regulatory Commission (CSRC).
The announcement states that the domestic unlisted shares will be converted into H shares upon obtaining all necessary approvals and meeting relevant regulatory requirements. The Company will seek approval from the Stock Exchange for the listing of these newly converted shares.
According to the announcement, the application documents have not yet been submitted to the CSRC. Shareholders and potential investors are urged to exercise caution when dealing in the Company’s securities, as the proposed conversion is subject to additional regulatory procedures and approvals.
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