ARTGO HOLDINGS Proposes Share Consolidation

Stock News

05/15

ARTGO HOLDINGS (03313) has announced that its board of directors has proposed to implement a share consolidation. The basis for the consolidation is that every ten issued and unissued shares with a par value of HK$0.01 each will be consolidated into one consolidated share with a par value of HK$0.1 each. Furthermore, the board has proposed that, following the effectiveness of the share consolidation, the board lot size for trading on the Stock Exchange will be changed from 10,000 existing shares to 5,000 consolidated shares.

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The basis for the consolidation is that every ten issued and unissued shares with a par value of HK$0.01 each will be consolidated into one consolidated share with a par value of HK$0.1 each. 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