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11 Apr
07:15

Keda to go public in Switzerland

Shanghai-listed Keda Industrial Group (Keda) recently announced its plan to issue global depository receipts (GDRs) and go public in Switzerland, Kallanish reports. According to its announcement released on 8 April via the Shanghai Stock Exchange, Keda will terminate the non-public issuance of A shares' stocks in 2022. The company will use the newly issued A shares as the underlying securities to issue GDRs through international issuance. The co…
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