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An update from Kwong Luen Engineering Holdings Limited ( (HK:1413) ) is now available.
FEG Holdings Corporation Limited has announced a proposed share consolidation and change in board lot size. The company plans to consolidate every five existing shares into one consolidated share, increasing the par value from HK$0.01 to HK$0.05. Additionally, the board lot size for trading on the Stock Exchange will change from 5,000 existing shares to 7,000 consolidated shares, contingent upon the share consolidation’s effectiveness. This move is not expected to materially affect the company’s financial position or shareholder interests, aside from fractional shares adjustments.
More about Kwong Luen Engineering Holdings Limited
Average Trading Volume: 26,259,919
Technical Sentiment Signal: Hold
Current Market Cap: HK$138.6M
For an in-depth examination of 1413 stock, go to TipRanks’ Overview page.