Core Viewpoint - The company, WanGuo Gold Group, has proposed a stock split, converting each existing share with a par value of HKD 0.1 into four shares with a par value of HKD 0.025, aiming to enhance liquidity and attract more investors [1][2]. Group 1: Stock Split Details - The proposed stock split will result in a total authorized share capital of HKD 1 billion, divided into 40 billion shares post-split, with 4.425 billion shares being fully paid or credited as fully paid [1]. - Following the stock split, the trading unit on the Hong Kong Stock Exchange will change from 2,000 shares to 500 shares [1]. Group 2: Market Impact and Investor Attraction - The stock split is expected to reduce the per-share value and trading price while increasing the total number of issued shares, thereby lowering the investment threshold [2]. - Based on the closing price of HKD 30.74 per share, the market value of the current trading unit (2,000 shares) is approximately HKD 61,500, which will theoretically decrease to HKD 3,842.50 for the new trading unit (500 shares) post-split [2]. - The board believes that the stock split will improve the liquidity of the company's shares and broaden the shareholder base by attracting more investors, thus facilitating future growth and development [2].
万国黄金集团(03939)拟“1拆4”拆细股份