FANTASIA (01777) suggests stock consolidation and changing the trading unit size.
Fancy Color Holdings (01777) announced that the board of directors recommends implementing a share consolidation, with the ratio being every 5 existing shares with a par value of HK$0.10 each being consolidated into 1 share with a par value of HK$0.50 each in the company's share capital, whether issued or unissued.
FANTASIA (01777) announced that the board of directors proposed a stock consolidation, with a ratio of 1 existing share with a par value of HK$0.10 being consolidated into 1 share with a par value of HK$0.50 for every 5 shares of the company's existing and unissued capital.
As of the date of this announcement, existing shares are traded on the Stock Exchange of Hong Kong in trading units of 1500 shares. After the stock consolidation takes effect, it is proposed to change the trading units for shares from 1500 shares of existing shares to 5000 shares of consolidated shares.
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