Eastern Resources Limited (AU:EFE) has released an update.
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Eastern Resources Limited is planning a share consolidation, converting every ten shares into one, to streamline its capital structure and make its stock more attractive to investors. This move aims to reduce the number of shares to below one billion while maintaining shareholders’ proportional ownership. The company recommends shareholders approve this proposal at the upcoming Annual General Meeting.
For further insights into AU:EFE stock, check out TipRanks’ Stock Analysis page.