New Stock News | Ba Ma Tea Industry's Hong Kong IPO and the onshore unlisted shares "Fully Circulated" have been approved by the China Securities Regulatory Commission.

According to the WiseTongue Finance APP, on July 17th, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice on the Overseas Issuance and Listing of Bai Ma Tea Co., Ltd. and Full Circulation of Unlisted Stocks in China". The company plans to issue no more than 29,133,400 shares of overseas listed common stock and list them on the Hong Kong Stock Exchange. 106 shareholders of the company plan to convert a total of 43,986,875 unlisted domestic shares into overseas listed shares and list them for circulation on the Hong Kong Stock Exchange.