Core Viewpoint - The company proposes a stock split to enhance liquidity and attract more investors by reducing the trading price and increasing the total number of shares outstanding [1][2]. Group 1: Stock Split Details - The board recommends splitting each existing share with a par value of HKD 0.1 into four shares with a par value of HKD 0.025, resulting in a total share capital of HKD 1 billion divided into 400 billion shares [1]. - After the stock split, the number of issued shares will be 44.25 billion, assuming no further issuance or buyback occurs before the split [1]. Group 2: Market Impact - The stock split is expected to lower the trading price per share and the market value of each trading unit, with the estimated market value of a trading unit dropping from HKD 61,500 to HKD 3,842.50 post-split [2]. - The board believes that the stock split will lower the investment threshold and improve the liquidity of the company's shares, thereby broadening the shareholder base [2]. - The decision to split shares was influenced by feedback from shareholders regarding the potential for increased market participation and improved trading liquidity [2].
万国黄金集团拟“1拆4”拆细股份