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An update from Xinming China Holdings Limited ( (HK:2699) ) is now available.
Xinming China Holdings Limited has announced updates regarding its capital reorganization and rights issue. The company is proceeding with a capital reduction, with a court hearing scheduled for May 15, 2025, in the Cayman Islands. The capital reorganization and rights issue, which involves issuing four rights shares for every one adjusted share on a non-underwritten basis, are part of the company’s strategic financial restructuring. The effective date for the capital reorganization is set for May 21, 2025, which will also mark the commencement of dealings in the adjusted shares. This move is expected to impact the company’s market operations and potentially influence stakeholder interests.
More about Xinming China Holdings Limited
YTD Price Performance: 7.69%
Average Trading Volume: 3,983,036
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.3M
For a thorough assessment of 2699 stock, go to TipRanks’ Stock Analysis page.