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The latest update is out from New City Development Group Limited ( (HK:0456) ).
New City Development Group Limited announced that a resolution was successfully passed at their extraordinary general meeting held on July 28, 2025. The resolution involved an agreement for the issuance and allotment of 31,334,841 new shares to Han Junran, a subscriber, at an issue price of HK$0.442 per share, totaling HK$13.85 million. This transaction will be executed through the capitalization of a shareholder’s loan. The approval of this resolution allows the company to proceed with the issuance of shares, potentially impacting its capital structure and shareholder composition.
More about New City Development Group Limited
Average Trading Volume: 37,530
Technical Sentiment Signal: Sell
Current Market Cap: HK$66.36M
See more insights into 0456 stock on TipRanks’ Stock Analysis page.