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FINWIRES

Red Avenue New Materials Nears Hong Kong Listing After Bourse Review

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Red Avenue New Materials (SHA:603650) said the Hong Kong Stock Exchange reviewed its listing application following a hearing held on Thursday, according to a Shanghai bourse filing over the weekend.

The proposed issuance and listing remain subject to regulators' approval.

The Chinese chemicals maker's Shanghai shares slipped 1% during Monday's morning trade.

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