CCT FORTIS (00138) plans to implement a share capital restructuring and change the trading unit size.
China SCE Group Holdings Ltd. (stock code: 00138) announced that the Board of Directors has proposed to implement a share capital restructuring, involving share consolidation and reduction. The details are as follows: every 10 existing issued and unissued shares of the Company with a par value of HK$0.10 per share will be consolidated into 1 consolidated share with a par value of HK$1.00 per share.
CCT FORTIS (00138) has announced that the board of directors recommends implementing a capital restructuring, involving share consolidation and reduction of share capital, as detailed below: The existing and unissued shares with a par value of HK$0.10 per share in the company's share capital will be consolidated into one share with a par value of HK$1.00 per share. Following the share consolidation, the issued share capital of the company will be reduced through the cancellation of fully paid-up share capital (limited to HK$0.90 per share of the consolidated issued shares), resulting in a reduction of the par value of the issued consolidated shares from HK$1.00 to HK$0.10 per share. As of the date of this announcement, trading of shares on the Stock Exchange will be carried out in units of 2000 existing shares per lot. The board of directors recommends that, upon the implementation of the capital restructuring and subject to its regulations, the trading units on the Stock Exchange be changed from 2000 existing shares per lot to 5000 adjusted shares.
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