Shareholders of Flowing Cloud Technology (HKG:6610) will meet Dec. 3 to vote on the proposed consolidation of every 20 issued and unissued shares into one consolidated share, a Monday Hong Kong bourse filing said.
The virtual reality content firm proposed the consolidation in October in order to lift the trading price per share and increase the board lot value above HK$2,000, in line with Hong Kong listing guidelines.
The effective date of the consolidation is expected to be Dec. 5.
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