Hony Media Group (Stock Code: 419) has released details of a proposed share consolidation that would combine every ten existing issued and unissued shares with a current par value of HK$0.02 into one consolidated share with a par value of HK$0.20. According to the announcement, this change aims to bring the share price in line with HKEX requirements, as the trading price of the shares has remained below HK$0.10.
Under this plan, the company’s authorized share capital of HK$3,000,000,000 (divided into 150,000,000,000 existing shares) would be adjusted to 15,000,000,000 consolidated shares. Based on the current issued share count of 13,585,338,609, the proposed effective date would see 1,358,533,860 consolidated shares in issue. The nominal board lot size of 10,000 shares will remain unchanged.
Hony Media Group states that fractional entitlements under the consolidation will be disregarded and aggregated for sale, with all net proceeds retained by the company. No consolidation will apply to the firm’s unissued preference shares.
The plan is subject to the approval of shareholders at an extraordinary general meeting scheduled for 9 December 2025, with the share consolidation expected to take effect on 11 December 2025 if approved. Shareholders will be able to exchange existing share certificates for new ones free of charge from 11 December 2025 until 21 January 2026 at the company’s Hong Kong branch share registrar. The announcement indicates that the consolidation is not expected to impact the company’s underlying operations or the proportionate interests of shareholders aside from minor handling costs and the treatment of fractional shares.
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