DeTai New Energy Group Announces Capital Reorganisation

DeTai New Energy Group (HK:0559) has released an update.

DeTai New Energy Group has announced a capital reorganisation plan that includes share consolidation, capital reduction, and share subdivision, along with a proposed change in board lot size for trading on the Stock Exchange. The reorganisation will see every 30 existing shares consolidated into one new share and the board lot size changed from 30,000 to 10,000 new consolidated shares. An SGM will be convened for shareholders to approve the proposed changes, which aim to restructure the company’s capital and make its stock more appealing to investors.

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