Biada International Holdings (01949.HK) plans to conduct a share consolidation.

Wisdom Finance APP News, Baida International Holdings (01949.HK) announced that the board of directors recommends a consolidation of every 5 existing shares in the company's issued and unissued share capital into 1 consolidated share. As of the date of this announcement, the company's statutory share capital is 100 million Hong Kong dollars, divided into 10 billion shares with a face value of 0.01 Hong Kong dollars per share, of which 960 million shares have been issued and fully paid or credited as fully paid. Assuming that from the date of this announcement until the completion of the share consolidation, the company will not issue, distribute, or repurchase any further shares, after the share consolidation takes effect, the company will have 192 million issued and fully paid or credited as fully paid consolidated shares. The company's statutory share capital will remain at 100 million Hong Kong dollars, but will be divided into 2 billion shares with a face value of 0.05 Hong Kong dollars per share.