Esprit Holdings Limited has announced a proposed capital reorganisation plan, including a share consolidation and change in board lot size. The restructuring involves consolidating every ten existing shares into one and then subdividing each authorised but unissued share into ten new shares. Additionally, the trading board lot size on the Hong Kong Stock Exchange will change from 2,500 existing shares to 10,000 new shares. This reorganisation aims to offset the company's accumulated losses, which amounted to approximately HK$10,600 million as of December 31, 2024. The company assures that this will not adversely affect its financial position or shareholder rights.
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