ArtGo (HKG:3313) proposed a 10-for-1 share consolidation and a change in board lot size, according to a May 15 Hong Kong bourse filing.

Shares of the marble miner gained 1% in morning trade Monday.

Under the proposal, the company's issued shares will be reduced to about 142.2 million from 1.42 billion shares, assuming no further share issuance or repurchases before the effective date.

The company also proposed changing the board lot size to 5,000 consolidated shares from 10,000 existing shares.

The proposal remains subject to shareholder approval and stock exchange clearance.