China Industrial Securities International Financial Group Ltd. won the Hong Kong stock exchange's approval to list its shares on the main board.
The company plans to delist its shares from the Growth Enterprise Market, the second board of the Hong Kong bourse, after markets close on Jan. 2, 2019. The shares will start trading on the main board from Jan. 3, 2019, the company said.
The Industrial Securities Co. Ltd. unit said its listing on the Hong Kong stock exchange's main board would improve the attractiveness of its shares to both retail and institutional investors, as well as its corporate profile. In addition, the move would give it a larger and better investor base, higher trading liquidity and bolster its ability to raise funds in the market.