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Shougang Concord Century Holding Ltd. ( (HK:0103) ) has shared an announcement.
Shougang Concord Century Holdings Ltd. has announced an extraordinary general meeting to discuss a proposed share consolidation, which aims to consolidate every five existing shares into one. This move is intended to streamline the company’s share structure and potentially enhance the marketability and trading liquidity of its shares. Additionally, the company seeks approval to empower its directors to issue additional shares, which could provide flexibility for future capital raising activities. These resolutions, if passed, could impact the company’s capital structure and provide strategic opportunities for growth.
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. operates in the industrial sector, focusing on the production and distribution of steel products. The company is primarily engaged in the manufacturing of steel cords and other wire products, catering to various industries including automotive and construction.
Average Trading Volume: 4,421,797
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.14B
For detailed information about 0103 stock, go to TipRanks’ Stock Analysis page.