Huabang Technology Holdings Limited (HK:3638) has released an update.
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Huabang Technology Holdings Limited has announced a proposed share consolidation which will see every twelve existing shares merged into one consolidated share, subject to approval at the upcoming AGM. Additionally, the trading board lot size on the Stock Exchange will be adjusted from 12,000 existing shares to 1,000 consolidated shares if the consolidation is approved. The company emphasizes that the consolidation will not affect the underlying assets or the financial position of the company.
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