Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from New Ray Medicine International Holding Ltd. ( (HK:6108) ).
New Ray Medicine International Holding Ltd. has announced a special general meeting to discuss a significant capital reorganization. The proposed changes include consolidating every ten existing shares into one consolidated share, reducing the par value of each share, and subdividing authorized but unissued shares. This reorganization aims to streamline the company’s share structure and potentially improve its financial flexibility by transferring credits from the capital reduction to the contributed surplus account, which could be used to offset losses or pay dividends.
More about New Ray Medicine International Holding Ltd.
New Ray Medicine International Holding Ltd. is a company incorporated in Bermuda with limited liability, listed on the Hong Kong Stock Exchange. The company operates in the pharmaceutical industry, focusing on the distribution and sale of medical products.
Average Trading Volume: 4,005,013
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$66.87M
Find detailed analytics on 6108 stock on TipRanks’ Stock Analysis page.