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An update from Howkingtech International Holding Limited ( (HK:2440) ) is now available.
MemeStrategy, Inc., a company incorporated in the Cayman Islands, has announced a revised timetable for its proposed rights issue, which involves issuing one rights share for every two existing shares held. This decision is made to accommodate an increase in authorized share capital, necessary for the full allotment of rights shares. The company aims to raise funds for expansion and development, and the revised schedule provides certainty in achieving this goal. The board has decided against terminating the rights issue, opting instead for a delay to ensure shareholders can receive and manage their rights shares effectively. The company has received support from its controlling shareholders for the increase in authorized share capital, making the passage of the resolution likely.
More about Howkingtech International Holding Limited
Average Trading Volume: 2,066,011
Technical Sentiment Signal: Buy
Learn more about 2440 stock on TipRanks’ Stock Analysis page.