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Luxxu Group Ltd. ( (HK:1327) ) has shared an announcement.
Luxxu Group Limited has announced the convening of an Extraordinary General Meeting (EGM) to consider and approve a capital reorganization and a rights issue. The proposed capital reorganization involves consolidating shares and reducing the par value, which will allow the company to offset its accumulated losses. Additionally, the company plans to issue rights shares to existing shareholders, subject to the approval of the EGM and certain conditions. This move aims to strengthen the company’s financial position and potentially enhance shareholder value.
More about Luxxu Group Ltd.
YTD Price Performance: -5.71%
Average Trading Volume: 227,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$35.58M
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