Zhejiang firms makes first B-to-A shares plan

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.

We recommend:
New vehicles unveiled at Canadian Int'l Auto Show	Video: Facebook targeted by hackers	Sanya duty-free shops see surging sales
Juniper buries doubts on boom	3D printing reshapes manufacturing	Hongyanhe nuclear power station in NE China