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China Tower ( (HK:0788) ) has issued an update.
China Tower Corporation Limited announced that its proposed share consolidation and capital reduction will become effective on 20 February 2025, following approval from the Listing Committee. The changes will affect trading arrangements, share certificates, and the company’s Articles of Association. The consolidation aims to streamline the company’s share structure by reducing the total number of shares from 176 billion to 17.6 billion. This strategic move is expected to optimize the company’s capital structure and potentially enhance shareholder value.
More about China Tower
China Tower Corporation Limited, a joint stock company incorporated in the People’s Republic of China, operates in the telecommunications infrastructure industry. The company primarily focuses on providing tower and related services to major telecommunications operators such as China Mobile, China Unicom, and China Telecom.
YTD Price Performance: 2.67%
Average Trading Volume: 49,029
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $27.2B
Find detailed analytics on 0788 stock on TipRanks’ Stock Analysis page.