HK Stock Market Move | CENTURY GP INTL (02113) dropped over 12%, suggesting a merger of 20 shares into 1 share, with the lot size changing from 5,000 shares to 1,000 shares.

CENTURY GP INTL (02113) fell over 12%. As of this report, it has decreased by 12.07%, trading at HKD 0.153, with a turnover of HKD 4.2165 million. In the news, CENTURY GP INTL announced last night a proposal to consolidate 20 shares into 1 share. Once the consolidation takes effect, the trading lot size will change from the current 5000 shares to 1000 consolidated shares. This proposal is subject to shareholder approval. The group noted that based on yesterday's closing price of HKD 0.174, if the share consolidation takes effect and the trading lot size is adjusted, the value per lot will change from HKD 870 to HKD 3480, which complies with relevant trading arrangement guidelines and reduces the overall transaction and handling fees as a proportion of the market value per trading lot.