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ISP Holdings Limited ( (HK:2340) ) has shared an announcement.
ISP Holdings Limited, incorporated in Bermuda, has announced a proposed capital reorganization involving a reduction in the issued share capital and a subdivision of authorized and unissued shares. This move will reduce the par value of both existing ordinary and preference shares from HK$0.1 to HK$0.01, and subsequently subdivide each authorized but unissued share into ten new shares. This reorganization aims to streamline the company’s share structure, potentially impacting shareholder value and market perception. The proposal is subject to shareholder approval and certain conditions, and stakeholders are advised to exercise caution.
More about ISP Holdings Limited
YTD Price Performance: -8.26%
Average Trading Volume: 24,984
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$89.64M
See more insights into 2340 stock on TipRanks’ Stock Analysis page.