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Crown International Proposes Share Consolidation

Story Highlights
  • Crown International plans to consolidate shares, reducing them from 6.36 billion to 318 million.
  • The share consolidation requires shareholder approval and regulatory conditions to proceed.
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Crown International Proposes Share Consolidation

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An update from Crown International Corporation Limited ( (HK:0727) ) is now available.

Crown International Corporation Limited has announced a proposed share consolidation, aiming to consolidate every twenty existing shares into one consolidated share. This move will reduce the number of shares from 6,359,220,000 to 317,961,000, assuming no further shares are issued or repurchased before the effective date. The consolidation is subject to shareholder approval at an extraordinary general meeting and other regulatory conditions. The company states that the consolidation will not affect its underlying assets, business operations, management, or financial position, aside from the expenses incurred for the process.

More about Crown International Corporation Limited

Crown International Corporation Limited is a company incorporated in Hong Kong with limited liability, operating under the stock code 727.

YTD Price Performance: -40.91%

Average Trading Volume: 4,325,838

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$413.3M

See more data about 0727 stock on TipRanks’ Stock Analysis page.

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