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Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H ( (HK:2411) ) has provided an announcement.
Shenzhen Pagoda Industrial (Group) Corporation Limited plans to refresh its existing general mandate to allow the board to issue new shares of up to 20% of the company’s total issued share capital as at the date the relevant resolution is passed, after having significantly utilized the current mandate through the placement of 279.5 million new H shares in October 2025. The proposed new general mandate, which could permit the issuance of up to 400,144,250 shares based on the current share capital, will require approval by independent shareholders via a special resolution at an extraordinary general meeting; an independent board committee and an independent financial adviser have been appointed, and a circular with further details and the EGM notice is scheduled to be sent to shareholders on or before 26 February 2026.
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, whose H shares are listed on the Hong Kong Stock Exchange under stock code 2411. The company operates in the consumer sector and accesses international capital markets through its Hong Kong listing to support its growth and financing needs.
Average Trading Volume: 1,593,834
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.31B
For detailed information about 2411 stock, go to TipRanks’ Stock Analysis page.