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Hands Form Holdings Limited ( (HK:1920) ) has shared an announcement.
China Wacan Group Company Limited plans to increase its authorised share capital and therefore proposes corresponding amendments to its memorandum and articles of association, changing the authorised share capital from HK$40 million divided into 4 billion shares of HK$0.01 each to HK$120 million divided into 1.2 billion shares of HK$0.10 each. The proposed amendments, which are conditional on shareholder approval by special resolution at an extraordinary general meeting, will align the company’s constitutional documents with the larger capital base and share structure, potentially enhancing flexibility for future equity issuance and capital management.
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 a company incorporated in the Cayman Islands with limited liability and listed on the Main Board of the Hong Kong Stock Exchange under stock code 1920. It operates through a group structure comprising the company and its subsidiaries, although this announcement does not specify its particular industry, products, or services.
Average Trading Volume: 1,108,786
Technical Sentiment Signal: Sell
Current Market Cap: HK$147.9M
Find detailed analytics on 1920 stock on TipRanks’ Stock Analysis page.