Jiangxi Qiyunshan Food (HKG:2797) will reduce its Hong Kong trading board lot size to 100 shares from 500, effective Nov. 26, according to a Thursday bourse filing.
Based on the latest closing price of HK$86.10, the value of each board lot will decrease to HK$8,610 from HK$43,050.
The company expects the smaller lot size to improve share liquidity and broaden its shareholder base.
Separately, the company proposed amendments to its articles of association to reflect Hong Kong listing requirements, including provisions for electronic and hybrid shareholding.
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