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The latest announcement is out from Macau Legend Development ( (HK:1680) ).
Macau Legend Development Limited has announced a proposed share consolidation, where every ten existing shares will be consolidated into one consolidated share, reducing the total number of shares from over 6 billion to approximately 620 million. Additionally, the company plans to change the board lot size for trading on the Stock Exchange from 1,000 existing shares to 4,000 consolidated shares, contingent on the share consolidation’s approval. This move is not expected to affect the company’s financial position or shareholder rights, but shareholders and potential investors are advised to exercise caution.
More about Macau Legend Development
Macau Legend Development Limited is a company incorporated in the Cayman Islands with limited liability, listed on the Hong Kong Stock Exchange under stock code 01680. The company operates in the entertainment and gaming industry, focusing on the development and management of casino and hotel facilities in Macau.
Average Trading Volume: 1,393,239
Technical Sentiment Signal: Sell
Current Market Cap: HK$582.9M
See more insights into 1680 stock on TipRanks’ Stock Analysis page.