SG Group Proposes Name Change, 10-for-1 Share Subdivision; Shares Plummet 5%

MT Newswires Live09-15

SG Group (HKG:1657) plans to change its English name to Sefon Holdings, subject to shareholder approval.

The company also proposed subdividing each existing share with a par value of HK$0.01 into 10 shares with a par value of HK$0.001 each, according to a Hong Kong bourse filing on Tuesday.

Shares of the apparel design company fell nearly 5% in recent trade.

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