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Huisheng International Holdings Ltd. ( (HK:1340) ) just unveiled an update.
Huisheng International Holdings plans to consolidate every eight existing shares of HK$0.01 par value into one consolidated share of HK$0.08, which will reduce the number of issued shares from 922,838,000 to 115,354,750 while keeping the authorized capital unchanged at HK$15 million. Subject to shareholder approval and stock exchange consent, the company will also change its trading board lot from 4,000 existing shares to 10,000 consolidated shares, and has cautioned investors that the proposals may or may not proceed, advising them to act carefully pending further details in a forthcoming circular.
More about Huisheng International Holdings Ltd.
Huisheng International Holdings Ltd. is a Cayman Islands-incorporated company listed in Hong Kong under stock code 1340. The company has an authorized share capital of HK$15 million and currently has 922,838,000 issued shares of HK$0.01 each, with no treasury shares held.
Average Trading Volume: 1,946,867
Technical Sentiment Signal: Buy
Current Market Cap: HK$49.83M
For an in-depth examination of 1340 stock, go to TipRanks’ Overview page.