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China Weaving Materials Holdings Ltd. ( (HK:3778) ) has issued an announcement.
China Weaving Materials Holdings Ltd. has announced a proposed share consolidation, where every ten existing shares of HK$0.1 par value will be consolidated into one share of HK$1.0 par value. Additionally, the board lot size for trading on the Stock Exchange will change from 4,000 existing shares to 2,000 consolidated shares. This move is subject to shareholder approval and regulatory compliance, and it is not expected to materially affect the company’s financial position or shareholder rights.
The most recent analyst rating on (HK:3778) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Weaving Materials Holdings Ltd. stock, see the HK:3778 Stock Forecast page.
More about China Weaving Materials Holdings Ltd.
Average Trading Volume: 3,484,784
Technical Sentiment Signal: Sell
Current Market Cap: HK$382M
For a thorough assessment of 3778 stock, go to TipRanks’ Stock Analysis page.