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Fangda Carbon issued GDR approved

 Last Update: 2022-12-29
 Source: Internet
 Author: User

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Recently, news from Fangda Carbon that the company received approval from the China Securities Regulatory Commission, approving that the company will issue no more than 571 million new A-share base shares corresponding to the issuance of global depositary receipts (GDRs), and the number of GDRs issued shall not exceed 57.
0896 million according to the conversion ratio determined by the company
.
If the conversion ratio is adjusted, the number of GDR issuances can be adjusted
accordingly.
Upon completion of the Offering, the Company will be listed
on the SIX Swiss Exchange.

It is reported that the company's issuance of GDR and listing on the SIX Swiss Exchange are subject to the final approval
of the relevant Swiss securities regulatory authorities.
At present, Fangda Carbon is actively promoting relevant work and actively preparing to debut in the international capital market
.

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