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GBA Holdings Proposes Share Consolidation at Upcoming General Meeting

Story Highlights
  • GBA Holdings plans to consolidate shares, converting every five shares into one.
  • The consolidation requires approval from the Hong Kong Stock Exchange and Bermuda law compliance.
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GBA Holdings Proposes Share Consolidation at Upcoming General Meeting

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The latest announcement is out from GBA Holdings Limited ( (HK:0261) ).

GBA Holdings Limited has announced a special general meeting to discuss a proposed share consolidation. This move aims to consolidate every five issued and unissued ordinary shares of HK$0.04 into one consolidated share of HK$0.20. The share consolidation is contingent upon approval from the Hong Kong Stock Exchange and compliance with relevant Bermuda laws. If approved, this consolidation could simplify the company’s share structure and potentially enhance its marketability.

More about GBA Holdings Limited

YTD Price Performance: -17.59%

Average Trading Volume: 5,943,512

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$103.6M

See more data about 0261 stock on TipRanks’ Stock Analysis page.

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