Sinolink Worldwide (HKG:1168) is proposing to consolidate every 20 issued and unissued existing shares into one consolidated share.
Following consolidation, which is subject to shareholder approval, there will be up to 318,700,154 consolidated shares in issue.
The authorized share capital of the company will remain at HK$1.5 billion but will be divided into 7.5 billion consolidated shares of par value HK$0.20 each.
The property firm is also proposing to change the board lot size for trading to 1,000 consolidated shares per board lot from 2,000 existing shares currently.
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