Hao Tian International Construction Investment Group Limited (1341) released an announcement outlining plans for a share consolidation on the basis of five existing shares (HK$0.01 each) into one consolidated share (HK$0.05 each). Post-consolidation, the authorized share capital is expected to remain at HK$200,000,000.00, divided into 4,000,000,000 consolidated shares. Subject to approval, the move would reduce the number of issued shares from 11,095,376,835 to 2,219,075,367.
The change in board lot size is also proposed. Currently, 8,000 existing shares form one board lot. Following the planned share consolidation, the board lot size is intended to be 10,000 consolidated shares. Under the announcement, the expected timetable shows that the share consolidation is designed to become effective on or about 4 March 2026, subject to conditions that include approval by the shareholders and the Stock Exchange.
According to the announcement, the proposal aims to boost the trading price per share, thus balancing compliance with listing regulations and potentially broadening the shareholding base. In line with Hong Kong listing requirements, the announcement confirms there would be arrangements to handle fractional entitlements and odd lots resulting from the consolidation. A circular containing more information and the notice of the extraordinary general meeting, expected on or before 4 February 2026, will be dispatched to shareholders, with the meeting anticipated on 2 March 2026.
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