City Cool Selection (08050.HK) plans to merge shares in a "5-to-1" ratio.

Wisdom Finance APP News, Urban Cool Selection (08050.HK) announced that the board of directors recommended implementing a stock consolidation. Accordingly, every 5 existing and unissued shares of the company with a par value of HK$0.1 per share will be consolidated into 1 share with a par value of HK$0.5 per share. As of the date of this announcement, the existing shares have a trading unit size of 2,000 shares on the Stock Exchange. The company does not recommend changing its existing trading unit size.