BILLION IND Proposes Share Consolidation to Reshape Capital Structure

Stock News09-11

BILLION IND (02299) has announced that its board of directors has proposed a share consolidation plan. Under this initiative, every two existing issued and unissued shares, each with a par value of HK$0.01, will be consolidated into one consolidated share with a par value of HK$0.02.

As of the date of this announcement, the company's existing shares are traded on the Stock Exchange in board lots of 2,000 shares each. Following the effectiveness of the share consolidation, the trading unit per board lot on the Stock Exchange will remain unchanged at 2,000 consolidated shares.

This strategic move aims to streamline the company's share structure, potentially enhancing the efficiency of trading and aligning the capital base with future business development needs.

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