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Xinming China Appoints Independent Financial Adviser
XINMING CHINA (02699): Fengsheng Financing has been appointed as an independent financial advisor.
XINMING CHINA (02699) announced that on December 17, 2024, Fengsheng Financing Limited (a company that is...)
Xinming China Holdings Updates Board Leadership and Structure
XINMING CHINA (02699.HK): Liu Weiliang resigns as Independent Non-Executive Director.
On December 12, Gelonghui reported that XINMING CHINA (02699.HK) announced that on December 10, 2024, the Board of Directors received the written resignation from Liu Weiliang, resigning as the company's independent non-executive director, effective from that day. Therefore, Liu Weiliang will no longer serve as a member of the audit committee. After resigning, Liu Weiliang will no longer hold any position in the company or its subsidiaries.
Xinming China Proposes 100-for-1 Share Consolidation
xinming china plans to implement a capital restructuring with a basis of "1 for 4" for the share offering.
Xinming China (02699) announced that the board of directors recommends implementing the capital reorganization in the following way: (i) share consolidation, whereby every 100 existing shares with a par value of 0.01 Hong Kong dollars will be consolidated into 1 share with a par value of 1.00 Hong Kong dollar; (ii) capital reduction, whereby (a) any fractional consolidated shares resulting from the share consolidation will be canceled, and (b) by canceling 0.99 Hong Kong dollars of paid-up capital for each issued consolidated share, the par value of each issued consolidated share will be reduced from 1.00 Hong Kong dollar to 0.01 Hong Kong dollar;
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