Qingdao AInnovation Technology Group Co. Ltd Class H ( (HK:2121) ) has shared an announcement.
Qingdao AInnovation Technology Group Co., Ltd, a company incorporated in China, has announced a strategic move to cancel 1,506,300 repurchased shares, leading to a reduction in its registered capital by RMB1,506,300. This decision is in line with the company’s compliance with updated laws and regulations in China, and it aims to adjust its Articles of Association accordingly. The company plans to present these proposals at its upcoming annual general meeting, seeking approval for the share cancellation and capital reduction, as well as amendments to its Articles of Association to align with the latest legal requirements. This move is expected to streamline the company’s capital structure and ensure adherence to regulatory standards, potentially impacting its market position and stakeholder interests.
More about Qingdao AInnovation Technology Group Co. Ltd Class H
YTD Price Performance: -29.55%
Average Trading Volume: 15,691,060
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.32B
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