Grown Up Group Investment (HKG:1842) plans to consolidate every 10 existing shares into one consolidated share, according to a Tuesday Hong Kong bourse filing.

The share consolidation would reduce the company's number of issued shares to 144 million from 1.44 billion, assuming no change in the issued share capital before the effective date.

The company also plans to increase its board lot size to 5,000 consolidated shares from 4,000 existing shares, subject to the share consolidation becoming effective.

The share consolidation is expected to take effect on Oct. 28, subject to shareholder and regulatory approval.