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Kidsland International Holdings Limited ( (HK:2122) ) has issued an update.
Kidsland International Holdings Limited announced an extraordinary general meeting to discuss a Loan Capitalisation Agreement involving a HK$100 million unsecured loan. The agreement entails issuing new shares to Asian Glory Holdings Limited, which represents a significant financial restructuring move for the company. This decision is part of a strategic effort to enhance Kidsland’s capital structure and improve its financial standing. Additionally, a special resolution will address the re-classification and re-designation of the company’s authorised share capital, which is crucial for aligning its corporate governance with future business objectives.
More about Kidsland International Holdings Limited
Kidsland International Holdings Limited is incorporated in the Cayman Islands and operates in the retail and distribution industry. The company focuses on children’s products, offering a variety of toys and related items, primarily targeting markets in Asia.
YTD Price Performance: 4.00%
Average Trading Volume: 1,134,022
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$40M
Learn more about 2122 stock on TipRanks’ Stock Analysis page.