Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Shougang Concord Century Holding Ltd. ( (HK:0103) ) has provided an update.
Shougang Concord Century Holdings Ltd. has announced a proposed share consolidation where every five existing shares will be consolidated into one consolidated share. This move aims to streamline the company’s share structure without affecting its underlying assets, business operations, or shareholders’ rights. Additionally, the board lot size for trading on the Stock Exchange will change from 2,000 existing shares to 1,000 consolidated shares, pending approval at the Extraordinary General Meeting (EGM). Shareholders are advised to exercise caution as the consolidation is subject to certain conditions and may not proceed.
The most recent analyst rating on (HK:0103) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Shougang Concord Century Holding Ltd. stock, see the HK:0103 Stock Forecast page.
More about Shougang Concord Century Holding Ltd.
Shougang Concord Century Holdings Ltd. is a company incorporated in Hong Kong, operating in the manufacturing sector. It is involved in the production and distribution of steel products and related services, focusing on the Asian market.
Average Trading Volume: 5,312,610
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.19B
See more data about 0103 stock on TipRanks’ Stock Analysis page.