Reach New Holdings Completes 20-for-1 Share Consolidation, Shrinking Issued Shares by 95%

Bulletin Express
06/23

Reach New Holdings Limited has finalised a capital reorganisation that consolidates every twenty existing ordinary shares of HK$0.01 each into one consolidated share of HK$0.20, effective 23 June 2026.

Prior to the transaction, the company had 1.47 billion ordinary shares in issue. Following the consolidation, the issued share capital now stands at 73.56 million shares, representing a 1.40 billion share reduction, or 95% of the pre-consolidation total.

No treasury shares were outstanding before or after the consolidation, and no shares were repurchased or cancelled beyond the consolidation exercise. The board of directors confirmed that the transaction complied with all applicable Hong Kong Stock Exchange listing rules and regulatory requirements, with all requisite authorisations and filings completed.

Executive Director Li Rongsheng submitted the disclosure on 23 June 2026.

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