NuoBiKan Proposes Stock Split and Adjusts Trading Lot Size to 100 Split H Shares
Stock News
Feb 23
NuoBiKan (02635) has announced that its board of directors recommends subdividing each existing issued share with a par value of RMB 1.0 in the company's share capital into 10 subdivided shares, each with a par value of RMB 0.10. Following the completion of the stock split, the company will amend its articles of association accordingly to reflect the change in its share capital. As of the date of this announcement, the company's H shares are traded on the Stock Exchange of Hong Kong in lots of 50 H shares. The proposal, conditional upon the stock split taking effect, is to change the board lot size for trading on the Exchange from 50 H shares to 100 subdivided H shares.
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