Newtrend Group Wins HKEX Nod for Full H-Share Conversion
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Newtrend Group Holding Co., Ltd. has received approval from the Hong Kong Stock Exchange for the full conversion of 41,082,340 domestic shares into H shares. This conversion will standardize the company's share classes and enhance liquidity for international investors. Major shareholders Wang Xiaoqiang and Shenzhen Newtrend Industrial Development Co., Ltd. hold about 42.7% of the company’s issued share capital. The total number of H shares will reach 96,231,234, reflecting a shift to a capital structure entirely composed of H shares.
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