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Devgreat Group Revises Capital Reorganization Timetable Amid Delays

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Devgreat Group Revises Capital Reorganization Timetable Amid Delays

An update from Shanghai Zendai Property Ltd. ( (HK:0755) ) is now available.

Devgreat Group Limited has announced a revised timetable for its proposed capital reorganization due to a delay in dispatching the Combined Circular. The reorganization plan includes the exchange of existing share certificates for new ones, effective from March 11, 2025. The company has also scheduled a Special General Meeting (SGM) for March 7, 2025, to discuss and approve various agreements and transactions related to the reorganization. This reorganization is significant for stakeholders as it impacts shareholding structures and requires shareholder approval at the upcoming SGM.

More about Shanghai Zendai Property Ltd.

Shanghai Zendai Property Ltd., now known as Devgreat Group Limited, operates in the real estate industry. The company is involved in property development and management, primarily focusing on the Chinese market.

Average Trading Volume: 11,190,510

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$148.8M

For a thorough assessment of 0755 stock, go to TipRanks’ Stock Analysis page.

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