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An announcement from Hands Form Holdings Limited ( (HK:1920) ) is now available.
China Wacan Group Company Limited has called an extraordinary general meeting for 26 February 2026 in Shenzhen to seek shareholder approval for a new share subscription and a significant share option grant to an executive director. The company plans to issue 112,320,000 new shares to China Alliance Venture Technology Limited at HK$0.3965 per share under a specific mandate, subject to Stock Exchange approval, in a move that will raise new capital and dilute existing holdings but potentially strengthen its financial position and strategic partnerships. Shareholders are also being asked to approve the grant of 3,744,000 share options to executive director Mr. Zhou Zhenlin under the 2019 Share Option Scheme at an exercise price of HK$0.453 per share, further aligning management incentives with shareholder value and signalling a focus on long‑term performance and retention of key leadership.
The most recent analyst rating on (HK:1920) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hands Form Holdings Limited stock, see the HK:1920 Stock Forecast page.
More about Hands Form Holdings Limited
China Wacan Group Company Limited is an investment holding company incorporated in the Cayman Islands and listed in Hong Kong. Through its subsidiaries, the Group operates in mainland China, although this notice does not specify its particular industry, products or services.
Average Trading Volume: 1,095,258
Technical Sentiment Signal: Sell
Current Market Cap: HK$146M
See more insights into 1920 stock on TipRanks’ Stock Analysis page.