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Consolidation of shares

术语含义 Consolidation of shares

in joint stock law, a joint-stock company operation, as a result of which two or more placed shares of the company are converted into one new share of the same category (type). At the same time, appropriate changes are made to the charter of the company regarding the nominal value and the number of authorized shares of the company. K. a. held by decision of the general meeting of shareholders.

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