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Xiamen Yan Palace Bird's Nest Industry (HKG:1497) May Have Issues Allocating Its Capital
Yan Palace (01497.hk) granted trust beneficiary rights equivalent to 6.5575 million H股 shares.
Gelonghui reported on December 4 that yan palace (01497.HK) announced that on December 4, 2024, according to the listed in hong kong incentive plan, the board of directors resolved to grant equity in trust with respect to 6.5575 million shares of related listed in hong kong to 73 eligible individuals, amounting to approximately 1.41% of the company's issued capital as of the date of this announcement. The number of listed in hong kong shares related to the equity in trust granted to connected persons is 2,460,500 shares, approximately 0.53% of the company's issued capital as of the date of this announcement. All related listed in hong kong shares are purchased by the trustee on the secondary market according to the terms of the listed in hong kong incentive plan. This is hereby clarified.
Xiamen Yan Palace Gains Approval for H Share Circulation
Express News | Xiamen Yan Palace Bird's Nest Industry- Stock Exchange Granted Approval for Listing of 136.6 Mln H Shares
Yan Palace (01497 listed in hong kong) has applied for the proposed implementation of full circulation of H股 and has been approved by the Hong Kong Stock Exchange.
On November 21, 2023, Gelonghui announced that yan palace (01497.HK) board of directors is pleased to announce that the Stock Exchange has approved the listing and trading of 136,580,700 shares of H shares on November 20, 2024, subject to the fulfillment of all other conditions for conversion and listing.
Is Weakness In Xiamen Yan Palace Bird's Nest Industry Co., Ltd. (HKG:1497) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
