Shanghai Fudan Microelectronics Group Co (HK:1385) has released an update.
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Shanghai Fudan Microelectronics Group Company Limited announced that it has received approval from China Securities Regulatory Commission to issue A Share Convertible Corporate Bonds to non-specific investors, with the approval effective for 12 months. The issuance is still pending the approval of the company’s Shareholders’ General Meeting and the H Shareholders’ Class Meeting, following a previously unpassed resolution. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.
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