BRIEF: Voicecomm approved for full H-share circulation
2495.HK
102.50
(-12.4%)
IT solutions provider Hubei Voicecomm Technology Co. Ltd. (2495.HK)said on Sunday that the Hong Kong Stock Exchange on Jan. 3 approved its request to convert about 15.4 million unlisted shares into tradeable H-shares, representing 43.45% of its total issued share capital.
After the conversion, the company’s tradeable H-shares as a proportion of its total issued share capital will rise from 36.85% to 80.3%, while the proportion of unlisted shares will fall from 63.15% to 19.7%.
Voicecomm Technology shares opened unchanged at HK$203 on Monday. The stock has dropped more than 20% from its peak in September last year.
By Lau Chi Hang
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