Guoquan Food (Shanghai) Company., Ltd. Class H (HK:2517) has released an update.
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Guoquan Food (Shanghai) Co., Ltd. is set to enhance its market presence by converting over 937 million domestic unlisted shares into H Shares, representing about 34.14% of its total issued share capital. This significant move aligns with the company’s strategic plan to broaden its shareholder base and improve liquidity. Additionally, amendments to the Articles of Association are proposed to reflect changes in the share capital structure post-conversion.
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