CN CULTURAL T&A (00542) Proposes "5-to-1" Share Consolidation and Board Lot Size Change
Stock News
Sep 25
CN CULTURAL T&A (00542) announced that the board of directors proposes to implement a share consolidation on the basis that every 5 issued and unissued existing shares with a par value of HK$0.01 each will be consolidated into 1 consolidated share with a par value of HK$0.05 each. The share consolidation is subject to, among other things, approval by shareholders at a special general meeting. Additionally, the company proposes to change the board lot size for trading of shares on the Stock Exchange from 8,000 existing shares to 4,000 consolidated shares, which will only take effect after the share consolidation becomes effective.
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