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The latest announcement is out from Macau Legend Development ( (HK:1680) ).
Macau Legend Development Limited has announced an extraordinary general meeting to discuss a proposed share consolidation. The plan involves consolidating every ten issued and unissued ordinary shares into one share, effectively changing the par value from HK$0.10 to HK$1.00. This move is expected to streamline the company’s share structure and potentially enhance shareholder value by reducing the number of shares in circulation.
More about Macau Legend Development
Macau Legend Development Limited is a company incorporated in the Cayman Islands, primarily operating in the entertainment and hospitality industry. It is known for its developments in Macau, including the Legend Palace Hotel, and focuses on providing leisure and tourism services.
YTD Price Performance: -45.83%
Average Trading Volume: 1,821,002
Technical Sentiment Signal: Sell
Current Market Cap: HK$483.7M
Find detailed analytics on 1680 stock on TipRanks’ Stock Analysis page.