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Cocoon Holdings Limited ( (HK:0428) ) just unveiled an update.
Cocoon Holdings Limited has announced a proposal to refresh its general mandate, allowing directors to issue and deal with new shares up to 20% of the company’s issued share capital. This move comes after the full utilization of the existing mandate, and it aims to provide the company with greater flexibility in managing its capital structure. The proposal is subject to approval by independent shareholders at a special general meeting, with an independent board committee and financial adviser appointed to guide the process.
More about Cocoon Holdings Limited
YTD Price Performance: -29.49%
Average Trading Volume: 813,378
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$24.55M
For detailed information about 0428 stock, go to TipRanks’ Stock Analysis page.