Core Viewpoint - Raytech Holding Limited has announced a 16-for-1 share consolidation to comply with Nasdaq's minimum bid price requirement, effective November 7, 2025 [1][2]. Group 1: Share Consolidation Details - The share consolidation will convert every 16 ordinary shares into one ordinary share, affecting all shareholders uniformly without altering their percentage ownership, except for minor changes due to fractional shares [3]. - No fractional shares will be issued; shareholders will receive one full share instead of any fractional share resulting from the consolidation [4]. - The authorized share capital will decrease from 8 billion ordinary shares to 500 million ordinary shares, and the total issued and outstanding shares will reduce from approximately 43.6 million to about 2.7 million [5]. Group 2: Company Overview - Raytech Holding Limited is based in Hong Kong and specializes in the design, sourcing, and wholesale of personal care electrical appliances for international brand owners, with over 10 years of industry experience [6].
Raytech Holding Limited Announces 16 for 1 Share Consolidation