TR INTERIORS (06162) proposes to implement a share consolidation on a "40-into-1" basis.

TR INTERIORS (06162) announces that the board proposes to implement a share consolidation on the basis of every 40 existing shares in the issued and unissued share capital of the company being consolidated into 1 consolidated share. As at the date of this announcement, the issued existing shares, fully paid or credited as fully paid, are 2.4 billion shares. Assuming no further shares are issued from the date of this announcement up to the date of the extraordinary general meeting, upon the share consolidation becoming effective, there will be 60 million issued consolidated shares, fully paid or credited as fully paid. The authorized share capital of the company will remain at HK$100 million, but will be divided into 250 million consolidated shares of HK$0.4 each. The share consolidation is subject to, among other things, approval by shareholders by way of an ordinary resolution at the extraordinary general meeting. As at the date of this announcement, the existing shares are traded on the Stock Exchange in board lots of 8,000 existing shares. It is proposed that, upon the share consolidation becoming effective, the board lot size for trading on the Stock Exchange will be changed from 8,000 existing shares to 1,000 consolidated shares.