CIG Shanghai's H-share issuance gets CSRC filing approval

CIG Shanghai announced it has received a filing notice from the China Securities Regulatory Commission (CSRC) for its proposed issuance of H-shares and listing on the Main Board of The Stock Exchange of Hong Kong Limited. The company plans to issue up to 77,062,000 overseas-listed ordinary shares.

The CSRC filing notice requires CIG Shanghai to report any significant events occurring between the filing date and the completion of the offering. Additionally, the company must report the issuance and listing situation to the CSRC within 15 working days after completion, adhering to all relevant domestic and international laws and regulations.

Should the overseas issuance not be completed within 12 months from the filing date, CIG Shanghai will be required to update its filing materials if it intends to proceed. The company emphasizes that this filing confirms the information provided and does not constitute an endorsement of investment value or a guarantee by the CSRC. The issuance remains subject to approvals from Hong Kong regulatory bodies.