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Shanghai Forest Cabin Cosmetics Group Co., Ltd. Class H ( (HK:2657) ) has provided an update.
Shanghai Forest Cabin Cosmetics Group has announced that the China Securities Regulatory Commission has accepted its application for an H share full circulation plan on behalf of certain shareholders. The proposal involves converting 33,570,658 domestic unlisted shares, representing about 23.68% of the company’s issued share capital, into H shares for listing in Hong Kong.
Following completion of the circulation plan, participating domestic shareholders will remain subject to share lock-up requirements under Hong Kong listing rules and relevant laws. The detailed implementation plan and timetable have not yet been finalized, and the company cautioned investors that the conversion and listing still require further regulatory procedures and will be updated through subsequent announcements.
The most recent analyst rating on (HK:2657) stock is a Buy with a HK$104.00 price target. To see the full list of analyst forecasts on Shanghai Forest Cabin Cosmetics Group Co., Ltd. Class H stock, see the HK:2657 Stock Forecast page.
More about Shanghai Forest Cabin Cosmetics Group Co., Ltd. Class H
Shanghai Forest Cabin Cosmetics Group Co., Ltd. is a mainland Chinese cosmetics company listed in Hong Kong that operates through a group structure with various subsidiaries. The group focuses on beauty and personal care products, targeting consumers in China and international capital markets via its H share listing on the Hong Kong Stock Exchange.
Average Trading Volume: 152,288
Current Market Cap: HK$8.44B
See more data about 2657 stock on TipRanks’ Stock Analysis page.