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Tongda Group Approves Share Consolidation at EGM

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Tongda Group Approves Share Consolidation at EGM

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An announcement from Tongda Group Holdings ( (HK:0698) ) is now available.

Tongda Group Holdings Limited announced the results of its Extraordinary General Meeting (EGM) held on October 9, 2025, where a resolution for share consolidation was passed. The resolution involves consolidating every fifty ordinary shares into one consolidated share, which was approved by 99.9% of the votes. This decision aims to streamline the company’s share structure, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (HK:0698) stock is a Buy with a HK$0.14 price target. To see the full list of analyst forecasts on Tongda Group Holdings stock, see the HK:0698 Stock Forecast page.

More about Tongda Group Holdings

Average Trading Volume: 14,974,575

Current Market Cap: HK$963.8M

See more insights into 0698 stock on TipRanks’ Stock Analysis page.

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