HK ENT INTL (08291) plans to merge its shares with a "3 into 1" benchmark.

HK ENT INTL (08291) has announced that the board of directors recommends implementing a share capital reorganization, involving (i) consolidating every three existing shares with a par value of 0.20 Hong Kong dollars into one consolidated share with a par value of 0.60 Hong Kong dollars as the base consolidated share; (ii) reducing the share capital by canceling any fractional consolidated shares in the existing issued share capital immediately following the share consolidation, rounding down the total number of consolidated shares in the existing issued share capital to the nearest whole number, and reducing the par value of each consolidated share from 0.60 Hong Kong dollars to 0.006 Hong Kong dollars; and (iii) splitting the unissued statutory shares into 100 new shares with a par value of 0.006 Hong Kong dollars per share. As of the announcement date, shares are traded on the Stock Exchange of Hong Kong in units of 7500 shares per trade. After the share consolidation takes effect, the board of directors recommends changing the trading units on the Stock Exchange of Hong Kong from 7500 shares to 10000 consolidated shares per trade.