Chinasoft International Ltd (CFTLF)

[StockpickerCAPC]

ChinaSoft International, a Hong Kong-listed company, accepted the guidance of Huatai United Securities and officially started the road back to A.

source
https://finance.sina.com.cn/stock/relnews/hk/2021-02-19/doc-ikftssap7170587.shtml

February 19, 2021 17:45 Tencent Watchlist

On February 19, Capital State learned that ChinaSoft International Co., Ltd. (hereinafter referred to as "ChinaSoft International", 00354.HK), a Hong Kong-listed company, intends to issue depositary receipts for the A-share listing. It has signed a counselling agreement with Huatai United Securities and has On January 29, 2021, counseling and filing were conducted at Shenzhen Securities Regulatory Bureau.

On January 26, ChinaSoft International issued an announcement stating that the company's board of directors has approved the proposal for the possible issuance of Chinese depositary receipts and listing on domestic exchanges. According to the proposal, the relevant shares of China Depository Receipts issued in China are initially planned to not exceed 15% of the total issued shares of the company.

After deducting issuance expenses, the proceeds from the proposed domestic issuance are initially intended to be used for the company's cloud and other major businesses.

According to the official website of Chinasoft International, Chinasoft International is a chemical software and information technology service company. The services provided by the company include cloud services, consulting services, human resource solutions, big data, application development management services, etc. The industries involved include telecommunications, public utilities, high-tech, internet, finance, etc.