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The latest update is out from Huayi Tencent Entertainment Co., Ltd. ( (HK:0419) ).
Huayi Tencent Entertainment Co., Ltd. has announced a proposed share consolidation, where every ten existing shares of HK$0.02 each will be consolidated into one share of HK$0.20. This move aims to streamline the company’s share structure without altering the board lot size for trading. The consolidation is subject to shareholder approval and regulatory conditions, and it will not affect the unissued preference shares. The consolidation could potentially impact the company’s market operations by simplifying its share capital structure, which may influence investor perception and trading dynamics.
More about Huayi Tencent Entertainment Co., Ltd.
Average Trading Volume: 15,111,767
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$638.5M
See more insights into 0419 stock on TipRanks’ Stock Analysis page.