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Genor Biopharma Holdings Limited ( (HK:6998) ) has provided an announcement.
Genor Biopharma Holdings Limited has announced a series of significant corporate actions, including a proposed merger, a reverse takeover, and a new listing application. The company is also planning a change in its name, an increase in authorized share capital, and the adoption of a share option plan. The dispatch of the circular related to these transactions has been delayed to address regulatory comments, with a new deadline set for October 2025. These developments could significantly impact the company’s operations and market positioning, although the completion of the merger and other actions remains subject to regulatory approvals and shareholder consent.
More about Genor Biopharma Holdings Limited
Genor Biopharma Holdings Limited operates in the biopharmaceutical industry, focusing on the development and commercialization of innovative biologics. The company is engaged in producing therapeutic products aimed at addressing unmet medical needs, with a market focus on providing advanced healthcare solutions.
Average Trading Volume: 1,001,468
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.34B
For a thorough assessment of 6998 stock, go to TipRanks’ Stock Analysis page.