Home Business GEM: Issuance of GDR and listing on the SIX Swiss Exchange Approved by the China Securities Regulatory Commission – Teller Report

GEM: Issuance of GDR and listing on the SIX Swiss Exchange Approved by the China Securities Regulatory Commission – Teller Report

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GEM: Issuance of GDR and listing on the SIX Swiss Exchange Approved by the China Securities Regulatory Commission – Teller Report









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GEM: Issuing GDR and listing on the SIX Swiss Exchange was approved by the China Securities Regulatory Commission

2022-06-26 16:59

Source: Securities Times e Company

Securities Times · e company

2022-06-26 16:59

Securities Times e Company News, GEM (002340) announced on the evening of June 26 that the company has recently received an approval from the China Securities Regulatory Commission to approve the company’s issuance of Global Depositary Receipts (GDRs) corresponding to new A-share underlying stocks not exceeding 478 million shares , according to the conversion ratio determined by the company, the number of GDR issued does not exceed 47.8352 million copies. If the conversion ratio is adjusted, the number of GDRs issued can be adjusted accordingly. Following the completion of the offering, the company can be listed on the SIX Swiss Exchange. The company’s issuance and listing of GDRs is subject to final approval from the Swiss securities regulator and the relevant stock exchange.

Disclaimer: Securities Times strives for true and accurate information. The content mentioned in the article is for reference only and does not constitute substantive investment advice. Operational risks are based on this.

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