China 33 Media proposes 5-for-1 share split

Reuters
Mar 18
China 33 Media proposes 5-for-1 share split

China 33 Media Group plans to subdivide each share with a par value of USD 0.004 into five shares with a par value of USD 0.0008. Following the subdivision, the company’s authorised share capital is expected to be USD 40 million divided into 50 billion subdivided shares. The company said 648 million subdivided shares would be in issue after the subdivision, assuming no further share issuance or repurchases. The board lot size is expected to change to 2,000 subdivided shares from 10,000 shares.

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