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The latest update is out from Asia Resources Holdings Limited ( (HK:0899) ).
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda with limited liability, announced a proposed capital reorganisation involving share consolidation, subdivision, and capital reduction. This reorganisation aims to consolidate every ten existing shares into one consolidated share, followed by a subdivision into new shares of lower par value. The capital reorganisation is expected to streamline the company’s share structure and enhance its financial flexibility, with no anticipated impact on the company’s ability to meet its liabilities.
More about Asia Resources Holdings Limited
Average Trading Volume: 5,054,860
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$118.2M
Find detailed analytics on 0899 stock on TipRanks’ Stock Analysis page.