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Zhengwei Group Proposes Share Consolidation to Streamline Structure

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Zhengwei Group Proposes Share Consolidation to Streamline Structure

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Zhengwei Group Holdings Company Limited ( (HK:2147) ) has provided an update.

Zhengwei Group Holdings Company Limited has announced a proposed share consolidation, where every twenty existing shares will be consolidated into one consolidated share. This move will reduce the total number of shares from 1,120,000,000 to a maximum of 56,000,000, assuming no additional shares are issued or bought back before the consolidation’s effective date. The consolidation aims to streamline the company’s share structure without affecting its underlying assets, operations, or shareholder rights, except for fractional shares which will not be allocated.

More about Zhengwei Group Holdings Company Limited

Average Trading Volume: 16,693,106

Technical Sentiment Signal: Buy

Current Market Cap: HK$75.04M

See more data about 2147 stock on TipRanks’ Stock Analysis page.

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