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China Aluminum Cans Holdings Ltd. ( (HK:6898) ) has issued an update.
China Aluminum Cans Holdings Ltd. announced that its proposed resolution regarding the Deed of Amendment was approved at an extraordinary general meeting. The resolution allows for the extension of terms related to a Convertible Note, enabling the company to issue new shares upon conversion. This decision, supported by independent shareholders, reflects strategic financial adjustments aimed at enhancing the company’s operational flexibility and market positioning.
More about China Aluminum Cans Holdings Ltd.
China Aluminum Cans Holdings Ltd. operates in the packaging industry, specializing in the production of aluminum aerosol cans. The company focuses on providing packaging solutions primarily for the consumer goods sector, including personal care, household, and industrial products.
Average Trading Volume: 50,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$487.9M
For detailed information about 6898 stock, go to TipRanks’ Stock Analysis page.