HK Stock Market Move | TR INTERIORS (06162) drops over 22%, plans 40-for-1 share consolidation, changes board lot size from 8,000 shares to 1,000 shares.

TR INTERIORS (06162) fell over 22%, down 20% as of press time, at HK$0.056, with a turnover of HK$3.7196 million. On the news front, on the evening of September 21, TR INTERIORS announced a proposal for a share consolidation, consolidating every 40 shares into 1 share, and changing the board lot size from 8,000 shares to 1,000 shares. The proposal is subject to shareholder approval. The company stated that based on yesterday's closing price of 7 HK cents, assuming the share consolidation and change in board lot size take effect, the value per board lot would be adjusted from HK$560 to HK$2,800, thereby complying with the minimum board lot value guidance under the trading guidelines.