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Guoquan Food (Shanghai) Company., Ltd. Class H ( (HK:2517) ) just unveiled an update.
Guoquan Food (Shanghai) Co., Ltd. has announced the receipt of a filing notice from the China Securities Regulatory Commission (CSRC) for the implementation of H Share Full Circulation. This involves converting 937,948,348 Domestic Unlisted Shares into H Shares, which will be listed on the Main Board of the Stock Exchange. Guoquan Industry, a major shareholder, has committed to a six-month lock-up period for these shares, reflecting confidence in the company’s long-term prospects. This strategic move is expected to enhance the company’s market positioning and attract potential investors, though it remains subject to regulatory procedures.
More about Guoquan Food (Shanghai) Company., Ltd. Class H
Guoquan Food (Shanghai) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the food industry. The company is involved in the production and distribution of food products, with a focus on expanding its market presence through strategic financial maneuvers.
YTD Price Performance: 23.71%
Average Trading Volume: 24,904,162
Technical Sentiment Signal: Hold
Learn more about 2517 stock on TipRanks’ Stock Analysis page.
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