Core Viewpoint - The company proposes a share consolidation plan, merging every eight existing shares into one new share, which aims to streamline its capital structure and potentially enhance share liquidity [1] Group 1: Share Consolidation Details - The board of directors recommends a share consolidation based on the current issued and unissued share capital, where 4,737,624,000 existing shares will be consolidated into 592,203,000 new shares if no additional shares are issued before the special shareholder meeting [1] - The company's statutory capital will remain at 80 million HKD, but will be divided into 8,000,000,000 shares with a par value of 0.01 HKD each after consolidation [1] - The trading unit on the Hong Kong Stock Exchange will change from 8,000 existing shares to 5,000 consolidated shares following the consolidation [1] Group 2: Theoretical Share Value - Based on the closing price of 0.08 HKD per existing share, the theoretical value of the new trading unit of 5,000 consolidated shares would be 3,200 HKD, calculated at a theoretical closing price of 0.64 HKD per consolidated share [1]
中华燃气(08246.HK)建议“8并1”合并股份