YOUZAN (06051) intends to carry out a stock consolidation "20 for 1" and change the trading unit per lot.
Youzan (06051) announces that the board of directors recommends implementing a stock consolidation. According to this, every 20 shares of the company with a par value of HK$0.01 per share, both existing and unissued, will be consolidated into 1 share of the company with a par value of HK$0.20 per share. The stock consolidation must be approved by the shareholders at the shareholders' annual general meeting before it can take effect. As of the date of this announcement, transactions are conducted on the Stock Exchange of Hong Kong in units of 4000 existing shares. It is proposed that after the stock consolidation takes effect and subject to the condition that the stock consolidation takes effect, the units for trading on the Stock Exchange of Hong Kong will change from 4000 existing shares to 5000 consolidated shares.
YOUZAN (06051) issued a notice, and the board of directors proposed to implement a share consolidation. Accordingly, every 20 shares of the company with a par value of HK$0.01 per share, both issued and unissued, will be consolidated into 1 share with a par value of HK$0.20 per share. The share consolidation must be approved by shareholders at the annual general meeting (including shareholders) before it can be implemented.
As of the date of this announcement, shares are traded on the Stock Exchange of Hong Kong in units of 4000 shares. It is proposed that after the share consolidation takes effect and subject to the effectiveness of the share consolidation, the trading units on the Stock Exchange of Hong Kong will be changed from 4000 shares of existing shares to 5000 shares of consolidated shares.
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