Fuman Micro Plans H-Share Listing on Hong Kong Stock Exchange Main Board, Board Approves Related Proposals

Corporate Action
โดย 央广财经·Read original
Summary · why it matters

The board of directors of Fuman Micro has reviewed and approved the proposals related to the issuance of H shares and listing on the main board of the Hong Kong Stock Exchange. The proposed H-share issuance will not exceed 15 percent of the company's total share capital after completion, before the exercise of the over-allotment option. The company will also grant the overall coordinator an over-allotment option of up to 15 percent of the aforementioned number of shares to be issued. The funds raised will be mainly used for expanding production capacity, increasing research and development investment, and supplementing working capital. The proposal still needs to be submitted to the company's shareholders' meeting for approval.

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