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Zhejiang firms makes first B-to-A shares plan

(China Daily)

08:59, February 22, 2013

Shanghai-listed Zhejiang Southeast Electric Power Co Ltd said in a statement on Thursday that it plans to swap its US dollar-denominated B shares for renminbi-denominated shares trading on the exchange's main A-share board. The move is the first B-to-A conversion plan approved by the China Securities Regulatory Commission. Trading of ZSEP shares was suspended on Nov 21. Zhejiang Zheneng Electric Power Co Ltd - ZSEP's largest shareholder - will issue shares in the A-share market to swap for ZSEP's B shares.

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Email|Print|Comments(Editor:HuangBeibei、Liang Jun)

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