Shanghai REFIRE Wins HKEX Approval for Major H-Share Conversion and Listing
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Shanghai REFIRE Group Ltd. has received approval from the Hong Kong Stock Exchange to list 26,610,565 converted H shares, which is about 28.54% of its total issued share capital. This move allows 15 existing domestic shareholders to convert their holdings into H shares, enhancing liquidity and market visibility. The inclusion of major shareholders like Sinopec Group Capital may strengthen the company's profile in the capital market. The latest analyst rating for the stock is a Buy with a target price of HK$80.00.
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