RTTNews | Sep 29, 2021 12:43PM EDT

12:43 Wednesday, September 29, 2021 (RTTNews.com) - Chinese holdings company, KE Holdings Inc. (BEKE), is trading 5% higher on the Wednesday morning. The company reported that it will hold an Extraordinary General Meeting on November 8. The company is said that it will consider re-designation of its shares in the meeting. The company will talk about re-designating 110 million Class A shares held by Ever Orient International Limited and 47.8 million share Class A ordinary shares that are held by Clover Rich Limited to Class B shares on a 1:1 basis. Added to this, the company also plans to turn 157.9 million of its Class B ordinary shares held by Propitious Global Holdings Limited to class A shares on a 1:1 basis. The shares of the company are trading at $18.25, up $0.77 or 4.43% since the previous close at $17.48. The stock opened at $17.48 in the morning and in the 52-week period, they have ranged between $15.15 and $79.40.

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