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Winshine Science Co., Ltd. ( (HK:0209) ) has provided an update.
Winshine Science Company Limited plans to rebrand itself as Poly Xverse Intelligent Technology Co. Ltd, adopting a new Chinese name as well, in a move that signals a strategic repositioning toward intelligent technology and a refreshed corporate identity. The board is also seeking shareholder approval at a special general meeting to renew the general mandate allowing directors to issue up to 20% of the company’s issued share capital and to refresh the limit under its share option scheme, aligning the option pool with the significantly enlarged share base after a recent rights issue; together, these measures are designed to provide greater flexibility for future capital-raising and incentive arrangements, with oversight from an independent board committee and financial adviser for the mandate refresh.
The most recent analyst rating on (HK:0209) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on Winshine Science Co., Ltd. stock, see the HK:0209 Stock Forecast page.
More about Winshine Science Co., Ltd.
Winshine Science Company Limited, incorporated in Bermuda and listed in Hong Kong (Stock Code: 209), operates under the name Winshine Science Company Limited and is transitioning its brand identity toward intelligent technology under the proposed new name Poly Xverse Intelligent Technology Co. Ltd. The company has a large issued share base following a recent rights issue, and it maintains a share option scheme as part of its capital management and employee or stakeholder incentive structure.
Average Trading Volume: 8,573,392
Technical Sentiment Signal: Hold
Current Market Cap: HK$334.3M
See more insights into 0209 stock on TipRanks’ Stock Analysis page.