IRC (01029) suggests implementing stock consolidation based on a "10-to-1" ratio.
Iron Cargo (01029) announced that the board of directors proposes to consolidate existing shares by merging 10 shares into 1 share.
According to the announcement of IRC (01029), the Board of Directors recommends implementing the share consolidation based on consolidating 10 existing shares into 1 consolidated share.
As of the date of this announcement, existing shares are traded in lots of 2,000 shares on the Stock Exchange. It is proposed that after the share consolidation takes effect, the trading unit on the Stock Exchange will change from 2,000 existing shares to 4,000 consolidated shares per lot.
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