C FIN INT INV Proposes Share Consolidation at 5-to-1 Ratio

Stock News03-30 20:19

C FIN INT INV (00721) has announced that its board of directors has recommended a share consolidation on the basis of every five existing shares being combined into one consolidated share. As of the announcement date, there are approximately 10.972 billion issued existing shares, fully paid or credited as paid. Assuming no further issuance of shares occurs between the announcement date and the extraordinary general meeting, the number of issued consolidated shares following the share consolidation will be approximately 2.194 billion. The company's authorized share capital will remain at HKD 300 million, but will be divided into 6 billion consolidated shares with a nominal value of HKD 0.05 per share.

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