The board of EASYKNIT INT'L (01218) has announced a proposal to subdivide each existing issued and unissued share with a par value of HK$0.10 into ten shares with a par value of HK$0.01 each.

Currently, the company's shares are traded on the Stock Exchange in board lots of 1,000 shares each.

Following the effectiveness of the share subdivision, the board further recommends that the board lot size for trading the subdivided shares on the Stock Exchange be adjusted to 5,000 shares per lot.