Keda Manufacturing: terminate the non-public offering of A-shares, plan to issue GDR and apply for listing on the Swiss Stock Exchange

2022-07-17 0 By

Keda Manufacturing announced on the evening of April 7 that the company plans to terminate the non-public offering of A-shares in 2022 and apply for overseas issuance of Global Depository Receipts (GDR) and listing on the Swiss Stock Exchange.The Company will use the newly issued A-shares as the underlying securities to issue GDR through international issuance. The newly issued A-shares of the underlying securities represented by this issuance of GDR shall not exceed 100 million shares, which shall not exceed 5.30% of the total share capital of the company’s ordinary shares before this issuance.