Core Viewpoint - China Gas Holdings Limited (stock code: 08246) announced a proposal for a share consolidation, merging every 8 existing shares into 1 consolidated share, which aims to streamline its capital structure and potentially enhance share liquidity [1] Group 1: Share Consolidation Details - The board of directors proposed to consolidate the existing issued and unissued share capital, with a total of 4.738 billion existing shares currently issued [1] - If no additional shares are issued from the announcement date until the special general meeting, the number of issued consolidated shares will be 592 million [1] - The company's authorized share capital will remain at HKD 80 million, divided into 8 billion consolidated shares with a par value of HKD 0.01 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 HKD 0.08 per existing share, the theoretical value of each trading unit of 5,000 consolidated shares will be HKD 3,200, assuming the consolidation takes effect and the theoretical closing price of the consolidated shares is HKD 0.64 [1]
中华燃气(08246)拟“8并1”基准实施股份合并及更改每手买卖单位