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Jiangsu Lopal Tech Co. Ltd. Class H ( (HK:2465) ) has issued an update.
Jiangsu Lopal Tech. Group Co., Ltd. has received regulatory approval from the China Securities Regulatory Commission to issue A shares to specific investors on the Shanghai Stock Exchange. The approval is valid for 12 months and the issue must follow the previously submitted issuance plan and regulatory requirements.
The company plans to proceed with the targeted A-share issuance within the prescribed timeframe, under the mandate granted by its general meeting. Management has pledged to comply with information disclosure rules and warned investors to be mindful of potential investment risks as the fundraising moves forward.
More about Jiangsu Lopal Tech Co. Ltd. Class H
Jiangsu Lopal Tech. Group Co., Ltd., listed in Hong Kong, operates in the chemicals and materials sector and is based in Nanjing, China. The company focuses on developing and supplying specialty chemical products to industrial customers, leveraging both mainland Chinese capital markets and its Hong Kong listing for funding and growth.
Average Trading Volume: 5,540,825
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$14.36B
For an in-depth examination of 2465 stock, go to TipRanks’ Overview page.