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China Huajun Group Limited ( (HK:0377) ) just unveiled an announcement.
China Huajun Group Limited has announced a proposed issuance of Scheme Shares under a Scheme of Arrangement to restructure its debts and improve financial stability. The scheme involves issuing 24.6 million Scheme Shares to creditors based on their admitted claims, subject to shareholder and regulatory approvals. This move aims to alleviate financial burdens and enhance the company’s market position, with significant implications for stakeholders, including a controlling shareholder opting out of receiving shares.
More about China Huajun Group Limited
China Huajun Group Limited operates in the financial sector, primarily focusing on restructuring its indebtedness and maximizing recovery for creditors through strategic financial schemes.
YTD Price Performance: -13.75%
Average Trading Volume: 21,326
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$42.46M
For an in-depth examination of 0377 stock, go to TipRanks’ Stock Analysis page.