Hao Tian International Construction Investment Group Limited announced a multi-step capital reorganisation that includes a 20-to-1 share consolidation, a capital reduction, a sub-division of unissued shares and a change in trading board-lot size, all subject to shareholder and regulatory approval.
Share consolidation • Every 20 existing shares of HK$0.01 par value will be consolidated into one share of HK$0.20. • Authorised share capital remains HK$200.00 million, but the number of authorised shares will fall from 20.00 billion to 1.00 billion. • Issued share count will shrink from 11.10 billion to 554.77 million, assuming no further share issues or repurchases before the effective date.
Capital reduction and share sub-division • Immediately after consolidation, paid-up capital of HK$0.19 on each consolidated share will be cancelled, cutting par value back to HK$0.01. • Unissued consolidated shares of HK$0.20 will be sub-divided into 20 new shares of HK$0.01. • Post-reorganisation, issued share capital will drop to HK$5.55 million, while authorised capital will revert to 20.00 billion shares of HK$0.01. • Approximately HK$105.41 million will be credited to the distributable reserve for future use as permitted by law.
Board-lot change • Current board lot: 8,000 existing shares (market value: HK$176 based on a HK$0.022 closing price). • Proposed board lot: 10,000 new shares after consolidation (estimated market value: HK$4,400).
Rationale The company cites Listing Rule 13.64 and HKEX guidance, which consider share prices below HK$0.10 and board-lot values below HK$2,000 as trading “extremities.” The reorganisation is designed to raise the theoretical share price, increase the board-lot value and broaden potential investor reach, particularly among institutions with minimum-price thresholds. Management expects no material impact on assets, operations or shareholder rights beyond the creation of odd lots.
Key conditions and timetable • Extraordinary general meeting (EGM): 10 June 2026. • Target effective date for the entire reorganisation: 3 July 2026. • Board-lot change becomes effective on 17 July 2026. • Free exchange of share certificates runs from 3 July to 10 August 2026.
No derivatives, options or other convertible securities are outstanding. The reorganisation will proceed only after all conditions—including shareholder approval, solvency statement filing and HKEX listing approval—are met. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.
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