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Shanghai INT Medical Wins China Nod for H-Share Full Circulation Proposal

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Shanghai INT Medical Instruments (HKG:1501) received a filing notice from the China Securities Regulatory Commission for its Hong Kong share full circulation application, according to a Monday Hong Kong bourse filing.

Shares of the medical device maker were down nearly 2% in Tuesday morning trade.

The filing covers the conversion of about 71.8 million domestic shares held by 12 shareholders into Hong Kong-listed shares.

The company has 12 months from the date of the notice to complete the conversion and listing procedures, subject to approvals from the Hong Kong Exchange and other relevant regulators.

Details of the conversion and listing plan have not yet been finalized.

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