Grown Up Group Proposes 10-for-1 Share Consolidation
MT Newswires Live
Yesterday
Grown Up Group Investment (HKG:1842) plans to consolidate every 10 existing shares into one consolidated share, according to a Tuesday Hong Kong bourse filing.
The share consolidation would reduce the company's number of issued shares to 144 million from 1.44 billion, assuming no change in the issued share capital before the effective date.
The company also plans to increase its board lot size to 5,000 consolidated shares from 4,000 existing shares, subject to the share consolidation becoming effective.
The share consolidation is expected to take effect on Oct. 28, subject to shareholder and regulatory approval.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.