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China Smarter Energy Group Holdings Limited ( (HK:1004) ) has issued an announcement.
China Smarter Energy Group Holdings Limited has called a special general meeting of shareholders to vote on a proposed share consolidation aimed at restructuring its share capital. The Hong Kong-listed company, incorporated in Bermuda, will seek investor approval to consolidate every 20 existing shares into one new share, subject to regulatory clearance from the Hong Kong Stock Exchange and compliance with Bermuda and Hong Kong laws.
If approved, the consolidation will reduce the number of authorised shares from 120 billion to 6 billion while maintaining the total authorised share capital at HK$300 million, potentially improving the trading profile of the stock by increasing the nominal value per share. Fractional entitlements arising from the consolidation will not be issued to shareholders but will instead be aggregated and, where possible, sold for the benefit of the company, with directors empowered to implement all necessary steps to complete the restructuring.
The most recent analyst rating on (HK:1004) stock is a Hold with a HK$0.02 price target. To see the full list of analyst forecasts on China Smarter Energy Group Holdings Limited stock, see the HK:1004 Stock Forecast page.
More about China Smarter Energy Group Holdings Limited
Average Trading Volume: 14,502,231
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$178.1M
For an in-depth examination of 1004 stock, go to TipRanks’ Overview page.