New Ray Medicine International Holding Ltd., a company incorporated in Bermuda, has announced a proposed capital reorganisation. This restructuring will involve a share consolidation, capital reduction, and share sub-division, consolidating every ten issued and unissued existing shares of par value HK$0.05 into one consolidated share of par value HK$0.50. Subsequently, each authorised but unissued consolidated share will be subdivided into fifty new shares of par value HK$0.01 each. The move aims to address market price extremities in accordance with Hong Kong Stock Exchange rules.
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