Xinming China Holdings Limited (HK:2699) has released an update.
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Xinming China Holdings Limited is set to undergo a capital reorganization, consolidating shares and applying a rights issue to raise up to HK$93.8 million. This strategic move aims to streamline their share structure and bolster financial reserves. Investors will have the opportunity to subscribe to new shares at a set price, potentially enhancing the company’s market position.
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