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FUTIAN HOLDINGS To Carry Out 1-for-10 Reverse Stock Split On December 6th, 2024
October 26th (Beijing Time) - $FUTIAN HOLDINGS(08196.HK)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 6th, 20
futian holdings (08196.HK) plans to merge shares at a ratio of 10 to 1.
On October 25th, Futian Holdings (08196.HK) announced that the board of directors proposed a stock consolidation, combining every ten (10) existing and unissued shares with a par value of HK$0.01 into one (1) consolidated share with a par value of HK$0.10. The stock consolidation can only take effect after approval by the shareholders at a special general meeting of shareholders. As of the date of this announcement, the existing shares on the Stock Exchange are traded in units of 8,000 shares per transaction. After the stock consolidation takes effect, the trading unit for consolidated shares will continue to be 8,000 shares per transaction.
FUTIAN HOLDINGS: Interim Report 2024
FUTIAN HOLDINGS: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Futian Co., Ltd. (08196.HK) issues profit warning: it is expected to have a net loss of no less than 0.8 million yuan in the medium term.
On August 16, Gelunhui reported that Futian Group (08196.HK) expects revenue to decrease from approximately RMB 65.3 million for the six months ended June 30, 2023 to approximately RMB 17.8 million for the six months ended June 30, 2024, resulting in a net loss of not less than approximately RMB 0.8 million for the six months ended June 30, 2024, compared to net income of approximately RMB 8.5 million for the six months ended June 30, 2023. The board of directors believes that the decrease in revenue and loss is mainly due to (i) the progress of relevant engineering, procurement, and construction projects by customers during this period.
FUTIAN HOLDINGS: PROFITS WARNING
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