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Jiangsu Guofu Hydrogen Wins China Nod for H-Share Full Circulation

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Jiangsu Guofu Hydrogen Energy Equipment (HKG:2582) received a filing notice from the China Securities Regulatory Commission for its proposed Hong Kong share full circulation plan, according to a Monday Hong Kong bourse filing.

The hydrogen energy equipment provider's shares gained nearly 1% in morning trade on Tuesday.

The filing covers the conversion of about 18.4 million domestic shares held by 22 shareholders into Hong Kong-listed shares, representing about 14.5% of the company's total issued share capital.

Details of the conversion and listing plan have not yet been finalized, while the proposal remains subject to approvals from the Hong Kong Stock Exchange and other regulators.

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