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Gogox Proposes Share Consolidation and Board Lot Change; Shares Slide 17%
Hong Kong stock fluctuations | Kuaigou Dache (02246) fell over 16% during the session, expected annual Shareholder attributable loss to narrow by approximately 80.0% to 84.5%, plans to "10-for-1" share consolidation.
Kuaigou Dache (02246) fell more than 16% during the session, as of the time of writing, down 16.04%, priced at 0.445 HKD, trading volume of 2.1129 million HKD.
Kuaigou Dache (02246.HK) plans a "10-for-1" share consolidation.
Gelonghui March 24丨Kuaigou Dache (02246.HK) announced that the Board of Directors proposed to implement a share consolidation, planning to consolidate shares at a "10-for-1" ratio. It is proposed that after the consolidation takes effect, the trading unit per board lot on the Stock Exchange will be changed from 200 existing shares to 2,000 consolidated shares.
Express News | GOGOX Holdings - Every 10 Issued, Unissued Existing Shares of US$0.0000025 Each Be Consolidated Into 1 Share
GOGOX Holdings Reports Significant Reduction in Annual Losses
Kuaigou Dache (02246.HK) expects an annual net loss of 0.17 billion yuan to -0.22 billion yuan, with a significant year-on-year reduction in losses of approximately 80.0% to 84.5%.
On March 20, Gelonghui announced that Kuaigou Dache (02246.HK) expects to record a loss attributable to the company's equity holders for the year ending December 31, 2024, ranging from approximately RMB 0.17 billion to approximately RMB 0.22 billion, compared to a loss of about RMB 1.0996 billion for 2023, representing a decrease of approximately 80.0% to 84.5%. The reduction in the loss attributable to equity holders is mainly due to a decrease in goodwill impairment and a reduction in employee benefits expenses (including share-based compensation expenses).
