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Shun Wo Group Readies for Key 2024 Meeting
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Shun Wo Group Delays Share Consolidation Circular
SHUN WO GROUP: Annual Report 2024
HK Stocks Update: Penny stock Shun Wo Group (01591) fell over 9% in the morning, plans to merge shares with a ratio of 10 to 1, with a total market value of less than 0.1 billion HKD.
Shun Wo Group (01591) fell over 9% in the morning. As of press time, it has fallen 9.09% to HKD 0.02, with a turnover of 0.4526 million HKD. The current market cap of the company is less than 0.1 billion HKD.
Shun Wo Group plans to merge shares based on a ratio of 10 to 1.
Shun Wo Group (01591) has announced that the board of directors recommends that every 10 existing shares in the issued and unissued share capital of the company be consolidated into one consolidated share. As of the date of this announcement, the company has 4 billion fully paid or credited as fully paid issued existing shares. Assuming that no shares will be issued from the date of this announcement to the date of the annual general meeting of the shareholders, after the share consolidation takes effect, the company will have 0.4 billion fully paid or credited as fully paid issued consolidated shares. The company's statutory share capital will be maintained at HKD 0.1 billion, but will be divided into 1 billion consolidated shares with a face value of HKD 0.1 per share. Existing shares are currently traded on the Hong Kong Stock Exchange at a rate of every
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