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China LNG Group ( (HK:0931) ) has provided an update.
China HK Power Smart Energy Group Limited, a company incorporated in the Cayman Islands, is set to hold an extraordinary general meeting to discuss a significant financial restructuring move. The meeting will address the Loan Capitalisation Agreement, which involves converting HK$140 million of unsecured shareholder loans into company shares. This strategic move aims to strengthen the company’s capital structure by issuing new shares to Dr. Kan Che Kin, Billy Albert, a major shareholder. The decision reflects the company’s efforts to enhance its financial stability and potentially improve its market positioning.
More about China LNG Group
Average Trading Volume: 2,692,385
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.93B
See more insights into 0931 stock on TipRanks’ Stock Analysis page.