MicroPort CardioFlow Medtech (HKG:2160) said its 5-for-1 share consolidation became effective on Tuesday after all conditions were fulfilled, according to a same-day Hong Kong bourse filing.

Under the consolidation, every five existing shares of $0.000005 each were consolidated into one share of $0.000025 each.

Based on 6.37 billion shares in issue before the exercise, the number of issued shares was reduced to about 1.27 billion following the consolidation.

The board lot size remains unchanged at 1,000 shares.

The company had said the consolidation is intended to increase the trading price per share and raise the board lot value above HK$2,000 in line with trading requirements.