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The latest update is out from China Metal Resources Utilization Ltd. ( (HK:1636) ).
China Metal Resources Utilization Ltd. has announced a proposed capital reduction and share sub-division. The issued share capital will be reduced, decreasing the par value of each share from HK$1.00 to HK$0.01, and unissued shares will be subdivided into 100 new shares each with a par value of HK$0.01. Additionally, the board lot size for trading shares will change from 4,000 to 8,000 new shares. These changes are subject to approval at the upcoming EGM, and stakeholders are advised to exercise caution.
More about China Metal Resources Utilization Ltd.
China Metal Resources Utilization Ltd. is a company incorporated in the Cayman Islands, focusing on the metal resources industry. It is listed on the Hong Kong Stock Exchange under the stock code 1636.
Average Trading Volume: 160,390
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$159.1M
For detailed information about 1636 stock, go to TipRanks’ Stock Analysis page.