On March 28, Huaxin Cement Co.Ltd(600801) 735 million domestic listed foreign shares (B shares) were officially converted to the place of listing and listed and traded on the main board of the stock exchange of Hong Kong Limited in the form of introduction. This is also the first case of B to h conversion in Shanghai stock market, Huaxin Cement Co.Ltd(600801) became a + H listed company.
“After the listing of Hong Kong shares, it will further improve the corporate governance structure, improve the operation level of overseas capital, improve the international popularity, influence and competitiveness of the company, and accelerate the internationalization process of Huaxin Cement Co.Ltd(600801) .” Li Yeqing, Huaxin Cement Co.Ltd(600801) president, said.
As the first case of b-to-h conversion in Shanghai stock market, Huaxin Cement Co.Ltd(600801) share conversion was launched in July 2020. As an unprecedented matter, all parties concerned have made great efforts to this end. It is reported that the project has been reviewed by the China Securities Regulatory Commission, Shanghai Stock Exchange, Hong Kong Securities Regulatory Commission, Hong Kong stock exchange, Shanghai and Hong Kong clearing companies, the administration of foreign exchange and other departments, as well as recognized or approved by government regulatory departments such as environmental protection and safety supervision.
Huaxin Cement Co.Ltd(600801) said in the previous announcement that the implementation of the B to h scheme will change the current situation of inactive B-share trading of the company; At the same time, it will help the company to further improve the corporate governance structure, accelerate the internationalization process, enhance its popularity and international influence, improve the operation level of overseas capital, and make full use of overseas capital resources and market incentives to further strengthen its competitiveness.
