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An announcement from FIH Mobile ( (HK:2038) ) is now available.
FIH Mobile has announced a proposed share consolidation, which involves consolidating every ten existing shares into one consolidated share. This move is part of a broader plan to amend the company’s Memorandum and Articles of Association to reflect changes in authorized share capital. The share consolidation is subject to shareholder approval at the upcoming AGM. If approved, it will not affect the company’s underlying assets, business operations, or financial position, but will require adjustments to outstanding share awards.
More about FIH Mobile
YTD Price Performance: 43.75%
Average Trading Volume: 1,000
Technical Sentiment Signal: Sell
Current Market Cap: $727.3M
Learn more about 2038 stock on TipRanks’ Stock Analysis page.