汇隆控股(08021.HK)拟”40并1“并股后按”1供1“供股

Group 1 - The company, Huilong Holdings (08021.HK), announced a proposed consolidation of shares, where every 40 existing shares with a par value of HKD 0.01 will be consolidated into 1 share with a par value of HKD 0.40 [1] - Following the share consolidation, the board proposed a rights issue, offering 1 new share for every 1 adjusted share held by eligible shareholders at a subscription price of HKD 0.24 per share [1] - The rights issue aims to raise up to approximately HKD 86.2 million before expenses through the issuance of a maximum of 359,177,526 new shares, assuming no changes in the total number of issued shares from the announcement date to the record date [1]