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China Dredging Environment Protection Holdings Limited ( (HK:0871) ) just unveiled an update.
China Dredging Environment Protection Holdings Limited has proposed a capital reorganization involving a reduction in the nominal or par value of its issued shares from HK$0.20 to HK$0.02, and a subdivision of its authorized but unissued shares. The credit from this capital reduction will be used to offset the company’s accumulated losses and possibly transferred to a distributable reserve account. An Extraordinary General Meeting will be convened for shareholders to approve the reorganization, which is conditional on meeting certain criteria. The outcome could impact the company’s financial structure and shareholder value.
More about China Dredging Environment Protection Holdings Limited
YTD Price Performance: -22.17%
Average Trading Volume: 4,949,545
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$269.2M
Learn more about 0871 stock on TipRanks’ Stock Analysis page.