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ISP Holdings Limited ( (HK:2340) ) has issued an announcement.
ISP Holdings Limited, incorporated in Bermuda, has announced a special general meeting to discuss a significant capital reorganization. The company plans to reduce the par value of its existing ordinary and preference shares from HK$0.1 to HK$0.01, effectively reducing its issued share capital from HK$50,485,000 to HK$5,048,500. This capital reduction will be followed by a share sub-division, increasing the number of shares while maintaining the reduced par value. The reorganization aims to enhance the company’s financial flexibility and align its capital structure with strategic objectives.
More about ISP Holdings Limited
YTD Price Performance: -6.52%
Average Trading Volume: 33,144
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$96.87M
Find detailed analytics on 2340 stock on TipRanks’ Stock Analysis page.