Grand Ocean Plans Major Share Consolidation
Company Announcements

Grand Ocean Plans Major Share Consolidation

Grand Ocean Advanced Resources Co., Ltd. (HK:0065) has released an update.

Grand Ocean Advanced Resources Co. Ltd. has announced a proposed share consolidation, aiming to combine every ten existing shares into one consolidated share, altering the par value from HK$0.01 to HK$0.1 each. This move will not change the company’s authorized share capital but will reduce the number of issued shares from approximately 2 billion to 204.6 million. Shareholders are advised to exercise caution and consult professional advisers as the consolidation is contingent on certain conditions.

For further insights into HK:0065 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App