Feisi Technology's Hong Kong IPO and Domestic Share Conversion Approved by China's Securities Regulator on July 3

According to Zhitong Finance, Feisi Technology (Ningbo) Co. Ltd received approval from China's Securities Regulatory Commission (CSRC) on July 3 for its Hong Kong listing and domestic unrestricted share conversion program. The company plans to issue no more than 32.29 million overseas-listed ordinary shares on Hong Kong Stock Exchange, while 19 shareholders will convert a combined 115.74 million domestic unlisted shares into overseas-listed shares to trade on HKEx.
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