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Mokingran Jewellery Group Co Ltd Class H ( (HK:2585) ) has provided an update.
Mokingran Jewellery Group has obtained approval from the Hong Kong Stock Exchange for the listing and trading of 40 million previously unlisted shares as H shares, completing an H share full circulation exercise. Following the conversion, all 273,023,466 of the company’s issued shares will be H shares, with participating shareholder Tianjin Yuanjinmeng Enterprise Management Consulting Co., Ltd. holding 14.65% of the enlarged freely tradable share capital, a move that enhances liquidity and integration of the company’s equity structure in the Hong Kong market.
More about Mokingran Jewellery Group Co Ltd Class H
Mokingran Jewellery Group Co., Ltd. is a China-incorporated gold and jewellery company whose H shares are listed on the Hong Kong Stock Exchange. The group operates in the precious metals and jewellery sector, focusing on the design, manufacture and sale of gold and jewellery products to retail and wholesale customers in mainland China and potentially other markets accessible via Hong Kong’s capital platform.
Average Trading Volume: 246,095
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$3.75B
Find detailed analytics on 2585 stock on TipRanks’ Stock Analysis page.