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Shimao Property Holdings ( (HK:0813) ) has shared an announcement.
Shimao Property Holdings, a company incorporated in the Cayman Islands, recently held an Extraordinary General Meeting where several key resolutions were approved by shareholder vote. These resolutions included the issuance of Mandatory Convertible Bonds (MCB), Controlling Shareholder Notes, and an increase in authorized share capital from HK$500 million to HK$2.5 billion, which signifies a potential expansion in the company’s capital base and financial flexibility. The controlling shareholder and Mr. Hui Sai Tan, Jason, abstained from voting on specific resolutions due to conflicts of interest, which ensured that independent shareholders played a crucial role in the approval process.
More about Shimao Property Holdings
YTD Price Performance: -4.62%
Average Trading Volume: 1,025
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $447.9M
For a thorough assessment of 0813 stock, go to TipRanks’ Stock Analysis page.
