SDM EDUCATION (08363) plans to consolidate shares with a "20 to 1" benchmark.

SDM EDUCATION (08363) announced that the board of directors of the company recommends a share consolidation on the basis of 1 consolidated share with a par value of HK$2.0 for every 20 existing shares with a par value of HK$0.1 each, whether issued or unissued. As of the date of this announcement, trading units of 2000 existing shares are traded on the Stock Exchange of Hong Kong (SEHK). After the share consolidation takes effect, the trading units for the consolidated shares will remain at 2000 shares per unit. Assuming the share consolidation has taken effect, based on the closing price of HK$0.08 per existing share (equivalent to HK$1.6 per consolidated share) reported on the SEHK on the date of this announcement, the market value of each trading unit of 2000 consolidated shares will be HK$3200.