Asia / Pacific
Beijing Bei Mo Gao Ke Friction Material’s Shareholders Cut 3.42% Stakes
• Shareholders of Beijing Bei Mo Gao Ke Friction Material are set to cut 3.42% stakes.
• The decision was made by the company’s board of directors.
• The company’s shares are expected to be worth a total of ₱2,880,070.
• The cut is part of a larger strategy to reduce the company’s debt and improve its financial performance.
• The decision is expected to be implemented by the company’s management.
• The company’s shares are expected to be valued at ₱2,880,070 by the end of 2022.
