LINK HOLDINGS (08237) plans to conduct a stock consolidation of "25 to 1" and change the minimum trading unit.
Hua Star Holdings (08237) announced that the board of directors recommended a distribution of HK$0.001 per share for every 25 shares issued.
LINK HOLDINGS (08237) announces that the board of directors proposes to consolidate existing and unissued shares at a ratio of 25 shares at a par value of HK$0.001 each to 1 share at a par value of HK$0.025 each. The share consolidation is subject to approval by shareholders at an extraordinary general meeting.
As of the date of this announcement, the existing shares are traded in units of 2000 shares on the Stock Exchange of Hong Kong. The board of directors proposes to change the trading units on the Stock Exchange of Hong Kong from 2000 shares to 6000 consolidated shares, but this will only take effect after the share consolidation is implemented.
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