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New City Development Group Limited ( (HK:0456) ) just unveiled an announcement.
New City Development Group Limited has announced a proposal to increase its authorised share capital from HK$40,000,000 to HK$400,000,000, creating an additional 1,800,000,000 unissued shares. This strategic move is aimed at accommodating the company’s growth and providing greater flexibility for future fundraising, which the Board believes is in the best interest of the company and its shareholders.
The most recent analyst rating on (HK:0456) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on New City Development Group Limited stock, see the HK:0456 Stock Forecast page.
More about New City Development Group Limited
New City Development Group Limited is an exempted company incorporated in the Cayman Islands with limited liability. Its shares are listed and traded on the Main Board of the Stock Exchange of Hong Kong. The company operates within the real estate development industry, focusing on growth and flexibility in capital management.
Average Trading Volume: 131,355
Technical Sentiment Signal: Buy
Current Market Cap: HK$97.02M
Find detailed analytics on 0456 stock on TipRanks’ Stock Analysis page.