Grand Ocean Advanced Resources Co., Ltd. (HK:0065) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.