Jakota Capital Delays Share Consolidation Circular Dispatch

MT Newswires Live

May 11

Jakota Capital (Holding) Group (HKG:1468) said it needed additional time to finalize the information related to its proposed share consolidation and delayed the circular dispatch from May 8 to May 29, according to a Friday filing with the Hong Kong bourse.

The insurance company's shares fell nearly 3% in morning trade Monday.

Jakota Capital previously said its board proposed a share consolidation on the basis of one consolidated share for every five existing shares held in the company.

The consolidation is expected to take place June 24 according to the latest notice.

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