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Renaissance Asia Silk Road Group Limited ( (HK:0274) ) has shared an announcement.
Renaissance Asia Silk Road Group Limited has announced an extraordinary general meeting to discuss significant changes to its share structure. The company plans to consolidate its shares, reducing the number of issued and unissued shares by a factor of ten and adjusting the par value accordingly. This move is aimed at optimizing the company’s capital structure, potentially enhancing its market positioning and operational flexibility. The resolutions also include a capital reduction and share sub-division, which will further alter the company’s share capital configuration, with the resulting credit being allocated to the company’s distributable reserve account.
More about Renaissance Asia Silk Road Group Limited
YTD Price Performance: -43.00%
Average Trading Volume: 8,592,596
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$38.28M
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