Youzan (06051.HK) plans to carry out a "20-for-1" stock consolidation and change the trading unit per board lot.

Zhixin Finance APP news, Youzan (06051.HK) announced that the board of directors has proposed implementing a stock consolidation. According to this, every 20 shares of the company's existing issued and unissued shares with a par value of 0.01 Hong Kong dollars per share will be consolidated into 1 share of the company with a par value of 0.20 Hong Kong dollars per share. The stock consolidation must be approved by the shareholders at the annual general meeting before it can take effect. As of the date of this announcement, trading of existing shares is conducted in units of 4000 shares on the SEHK. It is recommended that after the stock consolidation takes effect and is conditional on the stock consolidation taking effect, trading units on the SEHK will be changed from 4000 shares of existing shares to 5000 shares of consolidated shares.