Macau Legend Development Proposes 1-for-10 Share Consolidation; Shares Gain 2%

MT Newswires Live

06/30

Macau Legend Development (HKG:1680) board proposed a 1-for-10 share consolidation to increase its trading price and facilitate compliance with listing rules, according to a bourse filing Friday.

Shares gained over 2% in morning trade Monday.

The move would reduce the hotel and casino operator's 6,201,187,120 existing shares to 620,118,712 shares.

The share consolidation would come into effect on Friday, Aug. 1, pending shareholder approval, which will be sought at a meeting on July 14.

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