Investors look at a screen showing stock prices in a Shanghai brokerage’s outlet. Regulators said owners of B and H shares won’t automatically be entitled to compensation in the state share sale scheme.—Ben Bao

Shanghai Forever Co, the first company with hard-currency shares involved in China's move to revamp shareholding structure, said yesterday holders of its Class-B shares won't be entitled to compensation.
Holders of the US dollar-denominated shares also won't be allowed to vet the compensation package, according to a preliminary filing to the Shanghai Stock Exchange.
The transport vehicle maker said in its plan that owners of tradable yuan-denominated Class-A shares will be offered 5 shares for every 10 held and the right to vote on that proposal.
China in August extended a program to include all its listed companies to convert US$270 billion of mostly state-owned shares to publicly traded equities after two stages of trial sales.
Financial regulators said earlier that owners of B shares and Hong Kong-listed H shares, both of which are fully tradable, won't automatically be entitled to compensation in the restructuring.
The decision on whether to include them will rest with the holders of A shares.