Reliance Global Holdings Limited (HK:0723) has released an update.
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Reliance Global Holdings Limited has announced its intention to undergo a share consolidation to align with the trading requirements of the Hong Kong Stock Exchange, specifically addressing the issue of share prices trading at extremities. The detailed timeline, reasons, and terms will be provided in a forthcoming announcement, but the company warns that the consolidation is subject to conditions and may not proceed, advising shareholders and investors to exercise caution.
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