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Flowing Cloud Technology Ltd. ( (HK:6610) ) has issued an update.
Flowing Cloud Technology Ltd. has announced a proposed share consolidation plan, where every twenty issued and unissued shares of par value US$0.00001 each will be consolidated into one share of US$0.00020. This move is subject to shareholder approval at an Extraordinary General Meeting (EGM) and the approval of the Stock Exchange’s Listing Committee. The consolidation will not change the relative rights of shareholders, but it will adjust the number of shares and share options available. Shareholders and investors are advised to exercise caution as the consolidation’s execution depends on meeting specific conditions.
The most recent analyst rating on (HK:6610) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Flowing Cloud Technology Ltd. stock, see the HK:6610 Stock Forecast page.
More about Flowing Cloud Technology Ltd.
Average Trading Volume: 10,274,402
Technical Sentiment Signal: Sell
Current Market Cap: HK$488.4M
For detailed information about 6610 stock, go to TipRanks’ Stock Analysis page.