Asia Pacific Industry: Warning of downward price adjustment and delisting risk after reorganization.
Asia-Pacific Industries announced that the company is in the process of reorganization. Based on the existing total share capital of 323 million shares, the company will implement a capital reserve fund bonus issue plan where every 10 shares will be converted into 5 shares, totaling 162 million additional shares. After the bonus issue, the total share capital will increase to 485 million shares. If the closing price on the registration date is higher than 2.95 yuan/share, the company's reference price for the bonus issue will need to be adjusted, and there is a downward risk of ex-dividend after the reorganization plan is implemented. In addition, there is uncertainty regarding the reorganization plan, which may not be successful. If the reorganization fails and bankruptcy is declared, or if relevant circumstances occur in the year 2025, the company's stock will face the risk of delisting.
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