SUNCORP TECH (01063) plans to implement a stock consolidation using a "5 to 1" ratio as the benchmark.
Xinqu Technology (01063) announced that the company proposes to consolidate the existing issued and unissued shares of the company at a ratio of 5 shares at a par value of HK$0.006 per share into 1 share at a par value of HK$0.030 per share. The implementation of the share consolidation will be based on this ratio. The share consolidation must be approved by shareholders at a special general meeting before it can be carried out.
SUNCORP TECH (01063) announced that the company proposes to consolidate existing and unissued shares in the ratio of five (5) shares of HK$0.006 each into one (1) share of HK$0.030 each. The share consolidation will be implemented upon approval by shareholders at a special general meeting.
In addition, the board of directors proposes to change the trading unit on the Stock Exchange of Hong Kong from 10,000 shares of existing shares to 5,000 shares of consolidated shares, subject to the effective date of the share consolidation.
Related Articles
US Stock Market Move | AbbVie, Inc. (ABBV.US) rises 6% to acquire Apogee for $10.9 billion.
US Stock Market Move | Novo Nordisk A/S Sponsored ADR Class B (NVO.US) rose by 6% as Semaglutide's market exclusivity in China is extended.
Weak demand combined with operational pressures: Lucid (LCID.US) announced a 18% reduction in its US workforce and the elimination of the COO position.
US Stock Market Move | AbbVie, Inc. (ABBV.US) rises 6% to acquire Apogee for $10.9 billion.
US Stock Market Move | Novo Nordisk A/S Sponsored ADR Class B (NVO.US) rose by 6% as Semaglutide's market exclusivity in China is extended.
Weak demand combined with operational pressures: Lucid (LCID.US) announced a 18% reduction in its US workforce and the elimination of the COO position.
RECOMMEND
