Moore Threads Plans H-Share Listing on HKEX Main Board

Moore Threads has announced that its board of directors has approved a resolution to issue H shares and list on the Main Board of the Hong Kong Stock Exchange (HKEX). The company plans to issue overseas-listed foreign currency shares, commonly known as H shares, and apply for a listing on the HKEX Main Board. The actual issuance would take place at a suitable time and within an appropriate issuance window, as determined by the board, either during the validity period of the shareholders' resolution or any extended period approved by shareholders. According to the announcement, the H-share issuance still needs to be reviewed by the shareholders' meeting, and must also obtain filing, approval, and/or authorization from relevant government and regulatory agencies. The company also said that specific details are not yet finalized, and there is significant uncertainty as to whether the issuance can be implemented. The announcement was initially carried by Jinshi and later published by Odaily Planet Daily.