China Financial Corporation (03908) issued an announcement according to the China Securities Regulatory Commission's “Approval of China International Finance Shares...
According to the Zhitong Finance App, China Financial Corporation (03908) issued an announcement. With the approval of the China Securities Regulatory Commission's “Approval on Approving the Initial Public Offering of Shares by China International Finance Co., Ltd.” and with the approval of the Shanghai Stock Exchange, the company's initial public offering of RMB common stock (A shares) of about 458.6 million shares (initial public offering) was listed and traded on the Shanghai Stock Exchange in November 2020. The company's total share capital before the initial public offering was about 4.369 billion shares, and the total share capital after the initial public offering increased to about 4.827 billion shares.
The number of restricted shares currently listed and distributed is about 1,994 million shares, accounting for 41.31% of the company's current total share capital. The details include: 1,939 million shares held by shareholders before the company's initial public offering and about 55.307 million shares placed to strategic investors in the company's initial public offering. The lockdown period for the aforementioned shares is 36 months from the date the company's A shares are listed and traded on the Shanghai Stock Exchange, and will be listed for circulation on November 30, 2023.