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futian holdings (08196.HK) plans to merge shares at a ratio of 10 to 1.
On October 25th, Futian Holdings (08196.HK) announced that the board of directors recommends consolidating the existing issued and unissued shares of every ten (10) shares with a par value of 0.01 Hong Kong dollars per share into one (1) share with a par value of 0.10 Hong Kong dollars per share. The share consolidation plan must be implemented after approval by the shareholders at a special general meeting. As of the date of this announcement, the existing shares are traded on the Stock Exchange of Hong Kong in units of 8,000 shares. After the share consolidation takes effect, the units for trading the consolidated shares will remain at 8,000 shares.
Express News | China TianYF - to Implement Share Consolidation Every 10 Shares of HK$0.01 Each Will Be Consolidated Into 1 for HK$0.10 Each
FUTIAN HOLDINGS: Interim Report 2024
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Futian Holdings Limited (HKG:8196) Shares May Have Slumped 49% But Getting In Cheap Is Still Unlikely
Futian Co., Ltd. (08196.HK) issues profit warning: it is expected to have a net loss of no less than 0.8 million yuan in the medium term.
On August 16, Gelunhui reported that Futian Group (08196.HK) expects revenue to decrease from approximately RMB 65.3 million for the six months ended June 30, 2023 to approximately RMB 17.8 million for the six months ended June 30, 2024, resulting in a net loss of not less than approximately RMB 0.8 million for the six months ended June 30, 2024, compared to net income of approximately RMB 8.5 million for the six months ended June 30, 2023. The board of directors believes that the decrease in revenue and loss is mainly due to (i) the progress of relevant engineering, procurement, and construction projects by customers during this period.
Positive Sentiment Still Eludes China TianYF Holdings Group Limited (HKG:8196) Following 44% Share Price SlumpNo Data
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