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Shandong Fengxiang Proposes Amendments to Articles of Association Amid Share Issuance

Story Highlights
  • Shandong Fengxiang Co., Ltd. plans to amend its Articles of Association due to new H shares issuance.
  • The amendments aim to adjust the company’s shareholding structure and registered capital, pending shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Shandong Fengxiang Co., Ltd. Class H ( (HK:9977) ) has provided an announcement.

Shandong Fengxiang Co., Ltd. has announced proposed amendments to its Articles of Association due to the issuance of new H shares as part of a share award scheme. This amendment will alter the company’s shareholding structure and registered capital, pending shareholder approval. If approved, the company will apply for a new business license reflecting these changes. This move is part of the company’s strategy to adjust its capital structure, potentially impacting its market positioning and shareholder value.

More about Shandong Fengxiang Co., Ltd. Class H

Shandong Fengxiang Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on the production and distribution of poultry products. The company is listed on the Hong Kong Stock Exchange and is involved in both domestic and international markets.

YTD Price Performance: 37.96%

Average Trading Volume: 317,410

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.99B

See more data about 9977 stock on TipRanks’ Stock Analysis page.

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