CALB (HKG:3931) has secured Hong Kong Stock Exchange approval to list and trade 207.1 million converted H shares, representing 11.69% of its total issued shares, according to a Wednesday bourse filing.
The conversion involves 26 shareholders and will allow their existing domestic shares to be converted into H-shares for trading in Hong Kong.
Upon completion, the company's H shares will rise to 968.6 million, or 54.65% of its total share capital, from 761.5 million, or 42.97%.
The domestic shares will decrease to 803.7 million from 1.01 billion.
Shares of the lithium-ion battery producer fell 4% in recent trade.
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