CENTURY GP INTL (02113) proposes share consolidation and changes to the board lot size.

CENTURY GP INTL (02113) announced that the board of directors recommends implementing a share consolidation on the basis of consolidating every 20 existing shares into 1 consolidated share of the companys issued and unissued share capital. As of the date of this announcement, the company has 805 million shares that are fully paid up or accounted as fully paid among its issued existing shares. Assuming that there are no further shares issued from the date of this announcement until the special general meeting date, after the share consolidation takes effect, the company will have 40.2375 million fully paid or accounted as fully paid issued consolidated shares. The company's statutory capital will remain at HKD 20 million, but will be divided into 100 million consolidated shares with a par value of HKD 0.20 each. As of the date of this announcement, existing shares are traded in board lots of 5,000 existing shares on the Stock Exchange. The board of directors suggests that, subject to and pending the effect of the share consolidation, the board lot for trading on the Stock Exchange be changed from 5,000 existing shares to 1,000 consolidated shares.