*Flower King Eco-Engineering Inc. (603007.SH) announced that the company disclosed the "Reorganization Plan of Flower King Eco-Engineering Co., Ltd." (hereinafter referred to as the "Reorganization Plan") on the website of the Shanghai Stock Exchange on November 16, 2024.
Zhithong Finance APP News, *Flower King Eco-Engineering Inc. (603007.SH) issued an announcement that the company disclosed the "Reorganization Plan of Flower King Eco-Engineering Co., Ltd." (hereinafter referred to as the "Reorganization Plan") on the website of the Shanghai Stock Exchange on November 16, 2024. Due to the capital surplus transfer to increase share capital, the reference price of the stock opening on the trading day after the registration date of the new shares for this reorganization needs to be adjusted ex-right. According to the Reorganization Plan, the share increase is used to offset the listed company's debt, the net increase in cash amount for investors acquiring the increased shares, and resolve the situation of non-operating fund occupation. It is expected that after the implementation of the reorganization plan, there will be a significant downward adjustment in the stock price ex-right. Specific details are subject to the company's subsequent announcements. Based on the closing price of the stock on December 6, 2024, it is estimated that there is a risk of the company's stock price post-ex-right adjustment being lowered by approximately 50% from the closing price.
