DeTai New Energy Group (HK:0559) has released an update.
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DeTai New Energy Group Limited has announced a special general meeting to be held on October 16, 2024, to discuss a significant capital reorganization. The reorganization plan includes consolidating shares, reducing share capital, and then subdividing the consolidated shares, aiming to streamline the company’s capital structure and potentially offset accumulated losses. The proposed changes are subject to certain conditions and shareholder approval.
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