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Huayi Tencent Entertainment Co., Ltd. ( (HK:0419) ) just unveiled an update.
Hony Media Group, incorporated in the Cayman Islands, has announced an extraordinary general meeting to discuss a share consolidation plan. The proposal involves consolidating every ten existing shares into one consolidated share, effectively changing the company’s authorized share capital structure. This move aims to streamline the company’s share structure and potentially enhance its market position by simplifying the shareholding framework. The consolidation is conditional upon approval from the Hong Kong Stock Exchange, and any fractional shares resulting from the consolidation will be aggregated and potentially sold for the company’s benefit.
More about Huayi Tencent Entertainment Co., Ltd.
Average Trading Volume: 10,696,252
Technical Sentiment Signal: Sell
Current Market Cap: HK$557M
Learn more about 0419 stock on TipRanks’ Stock Analysis page.