China Cultural Tourism Shareholders to Vote on Stock Consolidation on Oct. 30

MT Newswires Live

10/10

Shareholders of China Cultural Tourism and Agriculture Group (HKG:0542) will vote Oct. 30 on the proposed consolidation of every five issued and unissued existing shares into one consolidated share of HK$0.05 each, a Friday Hong Kong bourse filing said.

Following consolidation, the real estate developer's authorized share capital will change to HK$1 billion divided into 20 billion consolidated shares from HK$1 billion divided into 100 billion shares.

The firm's board lot size will be reduced to 4,000 consolidated shares from 8,000 existing shares.

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