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An update from Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H ( (HK:2411) ) is now available.
Shenzhen Pagoda Industrial (Group) Corporation Limited has proposed amendments to its articles of association to reflect recent changes in its share capital and H share structure. The revisions update details of the company’s registered capital, the conversion of a large block of unlisted shares into H shares, and the current composition of issued share capital, which is now entirely made up of H shares.
The board argues that these amendments are in the interests of the company and its shareholders and will seek approval by special resolution at the upcoming annual general meeting. A circular detailing the proposed changes and the AGM notice will be sent to shareholders, underscoring the company’s ongoing alignment of its corporate governance documents with its expanded Hong Kong-listed share base.
The most recent analyst rating on (HK:2411) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H stock, see the HK:2411 Stock Forecast page.
More about Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H
Shenzhen Pagoda Industrial (Group) Corporation Limited is a joint stock company incorporated in the People’s Republic of China with limited liability and listed in Hong Kong under stock code 2411. The company’s share capital includes overseas-listed foreign shares (H shares), reflecting its focus on accessing international capital via the Hong Kong market.
Average Trading Volume: 822,433
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.55B
See more insights into 2411 stock on TipRanks’ Stock Analysis page.