Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Hang Yick Holdings Company Limited ( (HK:1894) ) just unveiled an update.
Hang Yick Holdings Company Limited has called an extraordinary general meeting for 2 February 2026 in Hong Kong, where shareholders will vote on a share consolidation and an increase in authorised share capital. The proposal involves consolidating every 20 existing shares of HK$0.01 par value into one consolidated share of HK$0.20, changing the authorised share capital from HK$38 million divided into 3.8 billion shares to HK$38 million divided into 190 million consolidated shares, followed by an increase in authorised share capital to HK$76 million divided into 380 million consolidated shares, with fractional entitlements to be aggregated and sold for the company’s benefit. Subject to the consolidation and relevant regulatory approvals, the company is also seeking shareholder approval for a rights issue of 184,224,000 new consolidated shares at HK$0.46 each on the basis of four rights shares for every one consolidated share held by qualifying shareholders, alongside the ratification of a placing agreement with a placing agent, a package of measures that would significantly reshape its share base and provide additional capital-raising flexibility.
The most recent analyst rating on (HK:1894) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Hang Yick Holdings Company Limited stock, see the HK:1894 Stock Forecast page.
More about Hang Yick Holdings Company Limited
Hang Yick Holdings Company Limited is a Hong Kong–listed company incorporated in the Cayman Islands. Its shares are traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1894. The announcement relates to its capital structure and share capital management as a listed issuer in the Hong Kong equity market.
Average Trading Volume: 4,046,206
Technical Sentiment Signal: Sell
Current Market Cap: HK$23.95M
Learn more about 1894 stock on TipRanks’ Stock Analysis page.