HEARTCARE-B Plans A-Share Issuance and STAR Market Listing

Deep News08:50

HEARTCARE-B (06609) has announced that its board of directors has recommended applying to relevant Chinese regulatory authorities for the issuance and allotment of no more than 7,025,592 A-shares of the company.

The proposal also includes seeking approval from the Shanghai Stock Exchange for the listing and trading of these A-shares on the Science and Technology Innovation Board (STAR Market).

The A-share issuance is contingent upon, among other conditions, approval by a special resolution of the company's shareholders at an upcoming extraordinary general meeting, as well as subsequent approval from the China Securities Regulatory Commission and the Shanghai Stock Exchange.

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