Cinda Securities: Shares to be delisted on October 19 and share swap process initiated

36Kr learned that Cinda Securities announced it has received a decision from the Shanghai Stock Exchange to delist, with shares set to be delisted on October 19 without entering a post-delisting trading period. Following delisting, A-share holdings of original shareholders will be converted into China International Capital Corporation (CICC) A-shares according to the share swap ratio; once new shares are listed, original shareholder accounts will reflect CICC stock. After the share swap is completed, CICC's new A-shares will be listed and traded on the Shanghai Stock Exchange.