GUANGZHOU Shipyard International is to list 126.47 million new A shares on the Shanghai stock exchange on Thursday.
The shipyard, which earlier this year became the third mainland company to list in Hong Kong, said subscriptions for the A shares, which are restricted to mainland investors, had closed on Tuesday. The listing was announced in China at the weekend.
Yangcheng, a firm of certified public accountants in China, has verified what the paid-up capital of Guangzhou Shipyard will be following the issue.
The company has also amended its records relating to its registered share capital.
The shipyard said its total share capital was worth 494.67 million yuan (about HK$663 million at the official rate) - 42.61 per cent of which represented 210.8 million state shares; 25.57 per cent, 126.47 million A shares; and 31.82 per cent, 157.39 million H shares issued in Hong Kong.
The A shares included 28.39 million shares issued to the shipyard's employees.