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Moore Threads Technology Plans Hong Kong Listing; Shares Down 3%

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Moore Threads Technology (SHA:688795) plans to issue H-shares and list on the Hong Kong Stock Exchange.

The proposed listing aims to expand the graphics processing unit manufacturer's international presence, attract top talent and improve corporate governance, according to a Monday filing with the Shanghai bourse.

The offering is subject to shareholder approval and regulatory clearances from relevant authorities.

Shares of the company declined 3% in recent trade.

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