tiprankstipranks
Trending News
More News >

Onewo Inc. Announces Proposed Capital and Governance Changes

Story Highlights
  • Onewo Inc. plans to cancel 3,512,200 repurchased H shares, reducing its registered capital.
  • The company proposes governance amendments, including abolishing the supervisory committee.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Onewo Inc. Announces Proposed Capital and Governance Changes

Confident Investing Starts Here:

Onewo, Inc. Class H ( (HK:2602) ) just unveiled an announcement.

Onewo Inc., a joint stock company incorporated in China, is proposing changes to its registered capital and amendments to its Articles of Association. The company plans to cancel 3,512,200 repurchased H shares, reducing its registered capital by RMB3,512,200. Additionally, Onewo intends to amend its Articles of Association to abolish the supervisory committee, with its functions transferred to the audit committee, and establish the role of employee representative director. These changes are aimed at improving corporate governance and aligning with new regulatory requirements. The amendments are subject to shareholder approval at the upcoming annual general meeting.

More about Onewo, Inc. Class H

YTD Price Performance: 6.36%

Average Trading Volume: 1,820,453

Technical Sentiment Signal: Sell

Current Market Cap: HK$25.48B

For a thorough assessment of 2602 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1