Sen Hong Resources to restructure stock

Sen Hong Resources (0076) announced to cut down par value from US$0.1 to US$0.01 per share. After implementation of cut down, the accumulated net loss would be cut no less than US$53.46 mln and no more than US$70.40 net profit would be put in special saving account.Besides, after cutting down shares, the company planed to issue no less than 6050 mln new shares par value at US$0.01 per share to recover legal shares to original US$140 mln.

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