ANCHORSTONE (01592) announced that the board of directors proposes to consolidate every 10 existing shares in the issued and unissued share capital of the company into 1 consolidated share. As of the announcement date, the company has 2.413 billion issued existing shares that are fully paid or credited as fully paid. Assuming no further shares are issued from the announcement date until the date of the extraordinary general meeting, there will be 241 million issued consolidated shares that are fully paid or credited as fully paid after the share consolidation becomes effective. The company's authorized share capital will remain at HK$50 million, but will be divided into 500 million consolidated shares with a par value of HK$0.10 each. As of the announcement date, existing shares are traded on the Stock Exchange in board lots of 5,000 existing shares each. It is proposed that, subject to and upon the share consolidation becoming effective, the board lot size for trading on the Stock Exchange will be changed from 5,000 existing shares to 10,000 consolidated shares.