City Coolxuan Proposes Five-to-One Share Consolidation
Reuters
Nov 06
City Coolxuan Proposes Five-to-One Share Consolidation
City Coolxuan Co. Ltd. has proposed a share consolidation, under which every five existing shares with a par value of HK$0.1 each will be consolidated into one share with a par value of HK$0.5. The move aims to address the company's low trading price and comply with Hong Kong Stock Exchange requirements. The share consolidation is subject to certain conditions and may or may not proceed.
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