April 20, 2018 / 8:54 AM / in 6 months

Hong Kong-listed Legend Holdings picked for full-convertibility reform

SHANGHAI, April 20 (Reuters) - China’s securities regulator said on Friday that Legend Holdings will be the first company to pilot its H-share convertibility reform.

The China Securities Regulatory Commission (CSRC) announced in December it would launch a scheme that allows mainland-incorporated companies listed in Hong Kong to convert their non-tradable equity into free-floating shares. (Reporting by Samuel Shen and John Ruwitch; Editing by Kim Coghill)

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