Harbor Entertainment International (08291.HK) plans to merge shares based on a ratio of "3 to 1".

date
23/07/2025
Finance Channel app news, Gangyu International (08291.HK) announced that the board of directors recommends implementing a share capital restructuring, involving (i) consolidating every 3 existing shares with a nominal value of HK$0.20 per share to one consolidated share with a nominal value of HK$0.60 per share as the benchmark consolidated share; (ii) reducing the share capital by cancelling any fractional consolidated shares closely following the share consolidation, rounding down the total number of consolidated shares in the company's issued share capital to the nearest whole number, and reducing the nominal value of each consolidated share from HK$0.60 to HK$0.006; and (iii) splitting each unissued but authorized share into 100 new shares with a nominal value of HK$0.006 per share.