Core Viewpoint - The company proposes a share consolidation plan, merging every 8 existing shares into 1 consolidated share, which aims to streamline its capital structure and potentially enhance share value [1] Group 1: Share Consolidation Details - The board of directors recommends a share consolidation based on the current issued and unissued share capital, with a total of 4.738 billion existing shares issued as of the announcement date [1] - Assuming no additional shares are issued from the announcement date until the special shareholders' meeting, the number of issued consolidated shares will be 592 million [1] - The company's statutory capital will remain at 80 million HKD, divided into 8 billion consolidated shares with a par value of 0.01 HKD each [1] Group 2: Trading and Valuation Implications - Currently, existing shares are traded in units of 8,000 shares on the Hong Kong Stock Exchange, which will change to 5,000 consolidated shares post-consolidation [1] - Based on the closing price of 0.08 HKD per existing share on the announcement date, the theoretical value of each trading unit of 5,000 consolidated shares will be 3,200 HKD, assuming the consolidation is effective and the theoretical closing price of the consolidated shares is 0.64 HKD [1]
中华燃气拟“8并1”基准实施股份合并及更改每手买卖单位