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Fire Rock Holdings Ltd Announces Proposed Share Consolidation

Story Highlights
  • Fire Rock Holdings Ltd plans to consolidate every twenty existing shares into one consolidated share.
  • The share consolidation requires shareholder approval and will not change the company’s authorized share capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fire Rock Holdings Ltd Announces Proposed Share Consolidation

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Fire Rock Holdings Ltd ( (HK:1909) ) has issued an announcement.

Fire Rock Holdings Ltd has announced a proposed share consolidation where every twenty existing shares will be consolidated into one consolidated share. This move will not change the authorized share capital of the company, which remains at HK$20,000,000, but will alter the number of shares in issue to 192,000,000 consolidated shares. The board lot size for trading will remain unchanged at 2,000 shares. The consolidation is subject to shareholder approval at an extraordinary general meeting (EGM), and the company advises caution to shareholders and potential investors regarding the conditional nature of this proposal.

More about Fire Rock Holdings Ltd

YTD Price Performance: -19.23%

Average Trading Volume: 1,835,581

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$403.2M

For detailed information about 1909 stock, go to TipRanks’ Stock Analysis page.

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