Group 1 - The company, Xingqian Development (00640), has announced its decision to pursue a listing in Singapore, pending approval from relevant regulatory bodies, including the Singapore Exchange (SGX) [1] - The company plans to achieve a dual listing on both the Hong Kong Stock Exchange and the SGX if the Singapore listing is successful [1] - According to the rules of the SGX's Catalist board, the issue price for shares listed in Singapore must not be lower than SGD 0.20, while the current closing price on the Hong Kong Stock Exchange is HKD 1.22, equivalent to SGD 0.198, which is below the minimum issue price [1] Group 2 - To meet the minimum issue price requirement, the company proposes a share consolidation, merging every two existing shares into one consolidated share [1] - Currently, shares are traded in lots of 4,000 on the Hong Kong Stock Exchange, but after the consolidation, the trading lot size will change to 2,000 consolidated shares [1]
星谦发展(00640)拟“2并1”基准进行股份合并