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China Metal Resources Utilization Ltd. ( (HK:1636) ) has issued an announcement.
China Metal Resources Utilization Ltd. has announced several significant financial maneuvers, including the issuance of convertible notes and new shares under specific mandates, as well as a proposed share consolidation, capital reduction, and share sub-division. These measures are set to impact the company’s share capital structure significantly, with the conversion of notes and issuance of new shares altering the shareholding percentages. The company aims to streamline its capital structure and address outstanding liabilities through these strategic financial adjustments.
More about China Metal Resources Utilization Ltd.
China Metal Resources Utilization Ltd. is a company involved in the metal industry, primarily focusing on the recycling and utilization of metal resources. The company’s operations span various aspects of the metal supply chain, with a keen focus on sustainable practices and efficiency in metal resource management.
YTD Price Performance: 14.29%
Average Trading Volume: 12,086,942
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$537.8M
See more insights into 1636 stock on TipRanks’ Stock Analysis page.