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