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China Kingstone Mining Holdings Ltd ( (HK:1380) ) has shared an announcement.
China Kingstone Mining Holdings Ltd has announced a proposed capital reorganisation involving a capital reduction and share sub-division. The issued share capital will be reduced by cancelling HK$0.19 of the paid-up capital on each existing share, reducing the par value from HK$0.20 to HK$0.01. Following this, authorised but unissued shares will be subdivided into twenty new shares of HK$0.01 each. Additionally, the company plans to amend its Bye-laws to align with the latest regulatory requirements concerning hybrid meetings, electronic voting, and corporate communications. These changes are subject to shareholder approval at the upcoming AGM, and the capital reorganisation is contingent upon certain conditions being met, including the approval of the Stock Exchange’s Listing Committee.
More about China Kingstone Mining Holdings Ltd
China Kingstone Mining Holdings Ltd is a company incorporated in the Cayman Islands and continued in Bermuda, operating in the mining industry. The company is listed on the Hong Kong Stock Exchange under the stock code 1380.
Technical Sentiment Signal: Buy
Current Market Cap: €4.82M
See more insights into 1380 stock on TipRanks’ Stock Analysis page.