Vail Co., Ltd. (603501.SH) issued an announcement as of the closing of the Shanghai Stock Exchange on March 22, 2024...
According to the Zhitong Finance App, Vail Co., Ltd. (603501.SH) issued an announcement. As of the closing of the Shanghai Stock Exchange on March 22, 2024, the number of A-shares of companies corresponding to the number of GDR in existence was less than 50% of the actual number of A-share base shares issued by companies approved by the China Securities Regulatory Commission.
The company's GDR amount may be further reduced due to GDR redemption. At the same time, GDR redemption will cause the number of company A shares held by the company's GDR depositor Citibank and National Association as the nominee holder to decrease accordingly and enter domestic market circulation transactions in accordance with the GDR cancellation order.