--- title: "Shanghai REFIRE Wins HKEX Approval for Major H-Share Conversion and Listing" type: "News" locale: "en" url: "https://longbridge.com/en/news/285969267.md" description: "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." datetime: "2026-05-11T15:08:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285969267.md) - [en](https://longbridge.com/en/news/285969267.md) - [zh-HK](https://longbridge.com/zh-HK/news/285969267.md) --- # Shanghai REFIRE Wins HKEX Approval for Major H-Share Conversion and Listing ### Claim 55% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Shanghai REFIRE Group Ltd. Class H ( (HK:2570) ) has shared an announcement. Shanghai REFIRE Group Limited has obtained approval from the Hong Kong Stock Exchange to list 26,610,565 converted H shares, representing about 28.54% of its total issued share capital. The approval enables 15 existing holders of domestic shares, including key individual and institutional investors, to convert their holdings into H shares for trading in Hong Kong. The conversion and listing of these shares expand the company’s freely tradable H share float, potentially improving liquidity and market visibility for Shanghai REFIRE. By bringing major shareholders such as Sinopec Group Capital and national industrial funds into the H share register, the move may strengthen the firm’s capital market profile and align its shareholder base more closely with international investors’ expectations. The most recent analyst rating on (HK:2570) stock is a Buy with a HK$80.00 price target. To see the full list of analyst forecasts on Shanghai REFIRE Group Ltd. Class H stock, see the HK:2570 Stock Forecast page. **More about Shanghai REFIRE Group Ltd. Class H** Shanghai REFIRE Group Limited is a China-based company listed in Hong Kong that operates in the clean energy and advanced manufacturing sector, focusing on hydrogen-related technologies and fuel cell systems. The company targets both domestic and international markets through its H share structure, catering to institutional and strategic investors looking for exposure to low-carbon technology development. **Average Trading Volume:** 861,438 **Technical Sentiment Signal:** Sell **Current Market Cap:** HK$3.76B ### Related Stocks - [01033.HK](https://longbridge.com/en/quote/01033.HK.md) - [02570.HK](https://longbridge.com/en/quote/02570.HK.md) - [00388.HK](https://longbridge.com/en/quote/00388.HK.md) - [80388.HK](https://longbridge.com/en/quote/80388.HK.md) - [HKXCY.US](https://longbridge.com/en/quote/HKXCY.US.md) ## Related News & Research - [Sinopec Oilfield Service Posts Higher Revenue but Weaker Profit and Cash Flow in Q1 2026](https://longbridge.com/en/news/284347122.md) - [](https://longbridge.com/en/news/286751503.md) - [08:08 ETAlpenglow Rail Announces Chief Financial Officer Succession](https://longbridge.com/en/news/286909427.md) - [SEBI proposes municipal bond reforms alongside IPO rebound](https://longbridge.com/en/news/286493639.md) - [Ferretti Reschedules Board Meeting to Review First-Quarter Update](https://longbridge.com/en/news/286586592.md)