ST Hanma to suspend trading for capital increase

Hualing Xingma Automobile Group (SSE:600375), also known as *ST Hanma, will suspend trading of its shares on December 25, 2024, for a capital increase through a capitalization of capital reserves. The company plans to distribute a stock dividend of 14.5 shares for every 10 shares held, increasing its total share capital from 654,314,844 shares to 1,603,071,367 shares. The record date for the dividend is December 25, 2024, and the new shares are expected to begin trading on December 26, 2024. This capital increase is part of the company's restructuring plan.