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Alco Holdings ( (HK:0328) ) has provided an update.
Alco Holdings Limited has announced a special general meeting to discuss and approve a significant capital reorganization plan. This plan involves consolidating every ten existing shares into one, reducing the issued share capital, and subsequently subdividing the authorized but unissued shares. The reorganization aims to streamline the company’s capital structure and enhance operational flexibility, potentially impacting shareholder value and market positioning.
The most recent analyst rating on (HK:0328) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.
More about Alco Holdings
Alco Holdings Limited is a company incorporated in Bermuda with limited liability, and it is listed on the Hong Kong Stock Exchange under the stock code 328. The company operates within the financial sector, focusing on capital management and reorganization activities.
Average Trading Volume: 2,158,936
Technical Sentiment Signal: Sell
Current Market Cap: HK$122.6M
Learn more about 0328 stock on TipRanks’ Stock Analysis page.