Tongda Group (00698.HK) proposes to implement a stock consolidation.

Wisdom Finance News APP reports that Tongda Group (00698.HK) announced that the board of directors has proposed the implementation of a stock consolidation, with a base of combining every 50 issued and unissued existing shares with a face value of HK$0.01 per share into 1 share with a face value of HK$0.5 per share.