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An update from Green Energy Group Limited ( (HK:0979) ) is now available.
Green Energy Group Limited has announced a proposed capital reorganization involving a capital reduction and a share subdivision. The reorganization aims to reduce the par value of existing shares from HK$0.10 to HK$0.01 and subdivide unissued shares into ten new shares of HK$0.01 each. This move is intended to streamline the company’s capital structure, subject to shareholder approval and regulatory conditions. The reorganization, if approved, will ensure that new shares are identical in all respects and rank equally in future dividends and distributions, potentially enhancing the company’s market positioning and attractiveness to investors.
The most recent analyst rating on (HK:0979) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Green Energy Group Limited stock, see the HK:0979 Stock Forecast page.
More about Green Energy Group Limited
Green Energy Group Limited is a company incorporated in Bermuda, operating in the energy sector. It focuses on providing sustainable energy solutions and is listed on the Hong Kong Stock Exchange under the stock code 979.
Average Trading Volume: 174,020
Technical Sentiment Signal: Buy
Current Market Cap: HK$337.7M
See more data about 0979 stock on TipRanks’ Stock Analysis page.