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Bama Tea Wins China Nod for Hong Kong Share Full Circulation; Shares Jump 6%

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Bama Tea (HKG:6980) said the China Securities Regulatory Commission has issued a filing notice for its Hong Kong share full circulation application, according to a Wednesday bourse filing.

Shares of the tea producer were up nearly 6% in Thursday morning trade.

The filing covers the conversion of about 31.9 million domestic shares into Hong Kong-listed shares.

Bama Tea said details of the conversion and listing plan, including the final number of domestic shares to be converted, have not yet been finalized.

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