SINOPEC Engineering (Group) Co., Ltd. Class H (HK:2386) has released an update.
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SINOPEC Engineering (Group) Co., Ltd. has announced the cancellation of 5,547,500 of its H shares, which is roughly 0.13% of its total issued share capital, subsequent to a repurchase action that took place between June and August 2024. Following the cancellation, the company’s total issued share count stands at 4,399,599,000, indicating a reconsolidation of its share structure. This financial move is likely to be of interest to investors tracking share capital adjustments and their implications.
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