According to ET Net News Agency on the 20th, Tianshu Intelligence (09903) is currently up 2.5%, trading at HK$80.95. The stock has traded about 980,000 shares, involving HK$77.3 million. It reached a high of HK$81.9 and a low of HK$75.95, down 3.8%, hitting a six-month low.
Tianshu Intelligence announced that it proposes to implement the full circulation of H-shares and submitted a filing application to the China Securities Regulatory Commission (CSRC) last Friday (16th). The application concerns converting approximately 27.647 million unlisted shares held by several domestic shareholders into H-shares, representing about 3.42% of the total issued share capital.
The group stated that upon obtaining all relevant approvals and/or completing the filing, including receiving the filing notice from the CSRC and approval from the Hong Kong Stock Exchange (HKEX), the unlisted shares will be converted into H-shares. The group will also apply to the HKEX for the listing and trading of these H-shares on the HKEX. The group has not yet completed the filing with the CSRC, nor applied to the HKEX for the conversion and listing, and the detailed implementation plan for the conversion and listing has not yet been finalized.
Currently, the Hang Seng Index stands at 23,914, down 272 points or 1.1%, with main board turnover exceeding HK$43 billion. The Hang Seng China Enterprises Index stands at 8,049, down 78 points or 1%. The Hang Seng Tech Index stands at 4,038, down 69 points or 1.7%. (vs)
Tianshu Intelligence announced that it proposes to implement the full circulation of H-shares and submitted a filing application to the China Securities Regulatory Commission (CSRC) last Friday (16th). The application concerns converting approximately 27.647 million unlisted shares held by several domestic shareholders into H-shares, representing about 3.42% of the total issued share capital.
The group stated that upon obtaining all relevant approvals and/or completing the filing, including receiving the filing notice from the CSRC and approval from the Hong Kong Stock Exchange (HKEX), the unlisted shares will be converted into H-shares. The group will also apply to the HKEX for the listing and trading of these H-shares on the HKEX. The group has not yet completed the filing with the CSRC, nor applied to the HKEX for the conversion and listing, and the detailed implementation plan for the conversion and listing has not yet been finalized.
Currently, the Hang Seng Index stands at 23,914, down 272 points or 1.1%, with main board turnover exceeding HK$43 billion. The Hang Seng China Enterprises Index stands at 8,049, down 78 points or 1%. The Hang Seng Tech Index stands at 4,038, down 69 points or 1.7%. (vs)
