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New Focus Auto Tech Holdings ( (HK:0360) ) has shared an update.
New Focus Auto Tech Holdings Limited has announced a proposal to double its authorised share capital from HK$2 billion to HK$4 billion, creating an additional 20 billion shares. This move is intended to support the company’s future expansion and provide flexibility for potential fundraising activities, although there are no immediate plans to issue new shares. The proposal is subject to shareholder approval at the upcoming annual general meeting.
More about New Focus Auto Tech Holdings
New Focus Auto Tech Holdings Limited is a company incorporated in the Cayman Islands, operating in the automotive industry. It is involved in the production and distribution of automotive products and services, with a focus on expanding its market presence and enhancing its operational capabilities.
Technical Sentiment Signal: Strong Buy
Current Market Cap: $88.77M
For a thorough assessment of 0360 stock, go to TipRanks’ Stock Analysis page.