HK Stock Market Move | HAO TIAN INTL(01341) falls by 20% recommend a stock split of 5 shares into 1. Change the number of shares per lot to 10,000.

HAO TIAN INTL (01341) fell by 20%, to 0.104 Hong Kong dollars as of the time of publication, with a turnover of 267 million Hong Kong dollars. On the news front, on the evening of January 16, HAO TIAN INTL announced a proposal to consolidate every 5 shares into 1 share, and to change the trading unit from 8000 shares to 10,000 shares after the consolidation takes effect. The group stated that based on the closing price of 0.13 Hong Kong dollars on January 16, the value of the trading unit would be adjusted from 1040 Hong Kong dollars to 6500 Hong Kong dollars after the consolidation takes effect, in compliance with the requirement that the value of each trading unit should not be less than 2000 Hong Kong dollars as stated in the guidelines. The consolidation of shares and change in trading unit will not have any significant adverse impact on the financial condition, nor will it lead to any changes in the rights of shareholders.