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Alco Holdings ( (HK:0328) ) has provided an announcement.
Alco Holdings has announced a proposed capital reorganization and rights issue. The capital reorganization involves consolidating and reducing the company’s share capital, while the rights issue aims to raise approximately HK$148.465 million by issuing new rights shares. This strategic move is intended to address accumulated losses and improve the company’s financial position, with implications for shareholders and potential investors as the reorganization is conditional upon certain approvals.
More about Alco Holdings
Alco Holdings is a company incorporated in Bermuda with limited liability, listed on the Hong Kong Stock Exchange. The company is involved in capital reorganization and rights issue activities, focusing on restructuring its share capital and raising funds through rights shares.
Average Trading Volume: 2,041,647
Technical Sentiment Signal: Sell
Current Market Cap: HK$45.82M
Learn more about 0328 stock on TipRanks’ Stock Analysis page.