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The latest update is out from Asia Resources Holdings Limited ( (HK:0899) ).
Zhong Jia Guo Xin Holdings Company Limited, listed on the Hong Kong Stock Exchange, has announced a proposed capital reorganization involving share consolidation and capital reduction. The company plans to consolidate every ten existing shares into one consolidated share and reduce the par value of each consolidated share from HK$1.00 to HK$0.01. This reorganization aims to streamline the company’s share capital structure and is subject to shareholder approval at a special general meeting. The impact on stakeholders includes potential changes in share value and the company’s capital structure, although the reorganization’s completion is contingent upon fulfilling certain conditions.
More about Asia Resources Holdings Limited
Average Trading Volume: 4,893,693
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$122.2M
See more insights into 0899 stock on TipRanks’ Stock Analysis page.