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National United Resources Holdings Limited ( (HK:0254) ) has shared an update.
National United Resources Holdings Limited, a company incorporated in Hong Kong, has announced a proposed share consolidation and subscription of new consolidated shares. The company plans to consolidate every ten existing shares into one consolidated share, reducing the total number of shares from over 4 billion to approximately 438 million. Additionally, the company has entered into agreements with five subscribers to issue 125 million new consolidated shares at a price of HK$0.40 per share. The proceeds from this subscription, estimated at HK$49.8 million net, will be used primarily to settle a potential promissory note payment related to a previous acquisition, with the remainder allocated for general working capital. This move is contingent upon shareholder approval and is expected to impact the company’s share capital structure significantly.
More about National United Resources Holdings Limited
Average Trading Volume: 2,350,644
Technical Sentiment Signal: Sell
Current Market Cap: HK$175.5M
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