Neo-Concept International (NCI) : A Scam Pump And Dump !

daz999999999
10-21 13:27
$Neo-Concept International Group Holdings Limited(NCI)$  


Neo-Concept International Group Holdings will hold an extraordinary general meeting in Hong Kong on October 29, 2026.

Shareholders will vote on consolidating class A and class B ordinary shares at a board-selected ratio between 2-for-1 and 400-for-1.

The initial consolidation would take effect by December 31, 2026.

A separate proposal would authorize further share consolidations over two years, each at a ratio between 2-for-1 and 500-for-1.

Those further consolidations would have a cumulative 500-for-1 cap, excluding the initial consolidation.


💰Stocks to watch today?(22 October)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • doozi
    10-21 14:22
    doozi
    That two-year follow-on authority is the bigger issue here, basically a blank check on reverse splits. How is that not a direct hit to minority shareholder rights?
  • LisaEffie
    10-21 14:22
    LisaEffie
    2-for-1 to 400-for-1 is absurd. Giving the board that much room over two years screams governance risk
Leave a comment
2