MEXAN Proposes 50-for-1 Share Consolidation and Alters Board Lot Size

Stock News06-05

MEXAN (HKEX: 00022) has announced a proposal to consolidate its shares on a 50-for-1 basis. The plan involves combining every 50 issued and unissued existing shares, each with a par value of HK$0.02, into one consolidated share with a par value of HK$1.00.

The share consolidation is conditional upon, among other things, receiving shareholder approval at an extraordinary general meeting. At the date of this announcement, the existing shares are traded on the Stock Exchange in board lots of 40,000 existing shares.

The Board has further recommended that, upon the share consolidation taking effect, the board lot size for trading on the Stock Exchange will be changed from 40,000 existing shares to 2,000 consolidated shares.

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1114076891?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-05 06:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1114076891","market":"sh","top_or_hot":-1,"title":"MEXAN Proposes 50-for-1 Share Consolidation and Alters Board Lot Size","media":"Stock News","content":"<p><b>MEXAN</b> (<b>HKEX: 00022</b>) has announced a proposal to consolidate its shares on a 50-for-1 basis. The plan involves combining every 50 issued and unissued existing shares, each with a par value of HK$0.02, into one consolidated share with a par value of HK$1.00.<br><br>The share consolidation is conditional upon, among other things, receiving shareholder approval at an extraordinary general meeting. At the date of this announcement, the existing shares are traded on the Stock Exchange in board lots of 40,000 existing shares.<br><br>The Board has further recommended that, upon the share consolidation taking effect, the board lot size for trading on the Stock Exchange will be changed from 40,000 existing shares to 2,000 consolidated shares.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MEXAN Proposes 50-for-1 Share Consolidation and Alters Board Lot Size</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMEXAN Proposes 50-for-1 Share Consolidation and Alters Board Lot Size\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-06-05 06:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>MEXAN</b> (<b>HKEX: 00022</b>) has announced a proposal to consolidate its shares on a 50-for-1 basis. The plan involves combining every 50 issued and unissued existing shares, each with a par value of HK$0.02, into one consolidated share with a par value of HK$1.00.<br><br>The share consolidation is conditional upon, among other things, receiving shareholder approval at an extraordinary general meeting. At the date of this announcement, the existing shares are traded on the Stock Exchange in board lots of 40,000 existing shares.<br><br>The Board has further recommended that, upon the share consolidation taking effect, the board lot size for trading on the Stock Exchange will be changed from 40,000 existing shares to 2,000 consolidated shares.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1164","symbol_name":"酒店、度假村与豪华游轮","start_time":0,"source_url":"","article_id":"1114076891","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114076891","pubTimestamp":1780611379,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"MEXAN (HKEX: 00022) has announced a proposal to consolidate its shares on a 50-for-1 basis. The plan involves combining every 50 issued and unissued existing shares, each with a par value of HK$0.02,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1164":"酒店、度假村与豪华游轮","00022":"茂盛控股"},"translate_title":"MEXAN提议50换1股合并并改变每手买卖单位","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00022":1},"content_text":"MEXAN (HKEX: 00022) has announced a proposal to consolidate its shares on a 50-for-1 basis. The plan involves combining every 50 issued and unissued existing shares, each with a par value of HK$0.02, into one consolidated share with a par value of HK$1.00.The share consolidation is conditional upon, among other things, receiving shareholder approval at an extraordinary general meeting. At the date of this announcement, the existing shares are traded on the Stock Exchange in board lots of 40,000 existing shares.The Board has further recommended that, upon the share consolidation taking effect, the board lot size for trading on the Stock Exchange will be changed from 40,000 existing shares to 2,000 consolidated shares.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1114076891","isCrawlerRequest":true}