Shareholders of Sterling Group (HKG:1825) will meet March 2 to vote on the proposed 10-for-1 share consolidation, according to a Monday Hong Kong bourse filing.

Following the consolidation, the apparel manufacturer's issued share capital will be reduced so that the par value of each issued consolidated share will be decreased to HK$0.01 from HK$0.40.

Then, each authorized but unissued consolidated share of par value HK$0.40 will be sub-divided into 40 new shares of par value of HK$0.01 each.

The consolidation, capital reduction, and share sub-division are subject to shareholder and regulatory approvals.