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CMIC Ocean En-Tech Holding Co ( (HK:0206) ) has issued an update.
CM Energy Tech Co., Ltd. has scheduled an extraordinary general meeting to approve a Subscription Agreement, which involves issuing and allotting 1,621,717,000 shares at a price of HK$0.2 per share. The meeting will also consider a special resolution to waive the mandatory general offer requirement for the shares issued under this agreement. This announcement is significant for the company’s stakeholders as it outlines strategic steps for capital restructuring and potential changes in shareholder dynamics.
More about CMIC Ocean En-Tech Holding Co
YTD Price Performance: 0.48%
Average Trading Volume: 725,272
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$667M
For an in-depth examination of 0206 stock, go to TipRanks’ Stock Analysis page.