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New City Development Group Limited ( (HK:0456) ) has provided an update.
New City Development Group Limited has announced an Extraordinary General Meeting (EGM) to seek approval for increasing its authorized share capital from HK$40 million to HK$400 million. This move, involving the creation of 1.8 billion new shares, aims to enhance the company’s financial flexibility and support its growth strategy. The EGM is scheduled for December 4, 2025, in Hong Kong, and shareholders are encouraged to participate in the decision-making process.
The most recent analyst rating on (HK:0456) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on New City Development Group Limited stock, see the HK:0456 Stock Forecast page.
More about New City Development Group Limited
New City Development Group Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 0456.
Average Trading Volume: 179,469
Technical Sentiment Signal: Buy
Current Market Cap: HK$97.02M
See more insights into 0456 stock on TipRanks’ Stock Analysis page.