Huitongda Receives CSRC Filing Approval for Major H-Share Full Circulation Plan
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Huitongda Network Co., Ltd. has received approval from the China Securities Regulatory Commission for its H-share full circulation plan, converting 349,749,813 domestic shares into H shares. The plan aims to enhance liquidity for international investors and is valid for 12 months from January 15, 2026. Huitongda will seek listing approval from the Hong Kong Stock Exchange, though the implementation details are not finalized. The current analyst rating for Huitongda's stock (HK:9878) is a Hold with a price target of HK$11.00.
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