Core Viewpoint - Saint Martin International (00482) has proposed a capital restructuring plan involving share consolidation, capital reduction, share split, and share premium reduction to offset accumulated losses and improve its financial position [1][2] Group 1: Capital Restructuring Details - The proposed share consolidation will merge every 10 existing shares with a par value of HKD 0.10 into 1 share with a par value of HKD 1.00, with any fractional shares being cancelled [1] - The capital reduction will involve cancelling any fractional shares resulting from the consolidation and reducing the par value of each consolidated share from HKD 1.00 to HKD 0.10 [1] - Following the capital reduction, the company will split each unissued consolidated share with a par value of HKD 1.00 into 10 shares with a par value of HKD 0.10 [1] - The share premium account will be reduced to zero as part of the restructuring [1] Group 2: Fundraising and Loan Repayment - After the capital restructuring takes effect, the company plans to conduct a rights issue at a subscription price of HKD 0.75 per share, offering 123,040,372 shares to raise approximately HKD 92.3 million [2] - The maximum net proceeds from the rights issue are expected to be around HKD 90.2 million, with approximately HKD 69.1 million allocated for repaying principal on loans and HKD 21.1 million for repaying outstanding interest on Loan B [2]

Core Viewpoint - St. Martin International (00482) proposes a capital restructuring plan involving share consolidation, capital reduction, share split, and share premium reduction to offset accumulated losses and improve financial standing [1][2] Group 1: Capital Restructuring Details - The company plans to consolidate every 10 existing shares with a par value of HKD 0.10 into 1 share with a par value of HKD 1.00, with any fractional shares resulting from the consolidation being cancelled [1] - A capital reduction will occur by cancelling any fractional shares from the consolidated shares and reducing the par value of each issued consolidated share from HKD 1.00 to HKD 0.10 [1] - Following the capital reduction, the company will split each unissued consolidated share with a par value of HKD 1.00 into 10 shares with a par value of HKD 0.10 [1] - The share premium account will be reduced to zero as part of the restructuring [1] Group 2: Fundraising and Debt Repayment - After the capital restructuring, the company plans to conduct a rights issue at a subscription price of HKD 0.75 per share, offering 123,040,372 shares to raise approximately HKD 92.3 million [2] - The maximum net proceeds from the rights issue are estimated to be around HKD 90.2 million, with approximately HKD 69.1 million allocated for repaying principal on loans and HKD 21.1 million for repaying outstanding interest on Loan B [2]

Core Viewpoint - Alpha Enterprises (00948.HK) announced that all conditions for the capital reorganization mentioned in the circular dated September 10, 2025, have been met, and the capital reorganization will take effect on September 30, 2025 [1] Summary by Relevant Sections - Capital Reorganization - The capital reorganization for Alpha Enterprises will be effective on September 30, 2025, following the fulfillment of all necessary conditions [1] - Change in Trading Unit - The change in the trading unit will take effect on October 16, 2025, subsequent to the capital reorganization [1]

Core Viewpoint - Dragon King Group Holdings Limited proposes to change its English name to "Scorching Dragon Holdings Limited" and its Chinese name to "炙龙控股有限公司" [1] Group 1: Share Consolidation - The share consolidation will involve merging every 5 existing shares with a par value of HKD 0.10 into 1 consolidated share with a par value of HKD 0.50 [2] Group 2: Capital Reduction - Following the share consolidation, the capital reduction will involve cancelling HKD 0.49 of the paid-up capital for each consolidated share, reducing the par value from HKD 0.50 to HKD 0.01 [3] - Any fractional consolidated shares resulting from the share consolidation will be cancelled [3] Group 3: Share Split - After the capital reduction takes effect, each statutory but unissued consolidated share will be split into 50 new shares with a par value of HKD 0.01 each [4]

Core Viewpoint - China Properties Investment (00736) is undergoing a capital restructuring involving a share capital reduction and a share split, which aims to adjust the nominal value of its shares and enhance liquidity in the market [1] Group 1: Shareholder Activity - On September 15, shareholders transferred shares from Huafu Jianye Securities to Yuanyuan Securities, with a market value of HKD 12.02 million, representing 6.08% of the total shares [1] Group 2: Capital Restructuring Details - The company plans to reduce its issued share capital by canceling paid-up capital, limiting the cancellation to HKD 0.39 per existing share, which will decrease the nominal value of each existing share from HKD 0.40 to HKD 0.01 [1] - Following the capital reduction, the company will split the statutory but unissued shares with a nominal value of HKD 0.40 into 40 shares, each with a nominal value of HKD 0.01 [1]

Core Viewpoint - Alpha Enterprises (00948) announced a proposed capital restructuring plan involving a series of steps to reduce share capital and adjust share structure [1] Group 1: Capital Restructuring Details - The board proposes a capital reduction by cancelling $0.159 of the paid-up capital per existing share, reducing the par value from $0.16 to $0.001 per share [1] - Following the capital reduction, a share split will occur, converting each existing share with a par value of $0.16 into 160 shares with a par value of $0.001 each [1] - The share premium will be reduced to zero, and all amounts resulting from the capital reduction and share premium reduction will be transferred to the company's paid-in surplus account [1] Group 2: Impact on Trading - After the capital restructuring takes effect, the trading unit on the Stock Exchange will change from 2,000 existing shares to 20,000 adjusted shares [1]

Core Viewpoint - Alpha Enterprises (00948) announced a proposed capital restructuring plan involving a share capital reduction, share split, and premium reduction aimed at addressing accumulated losses and adjusting share trading units [1] Group 1: Capital Restructuring Details - The board proposed a capital reduction by cancelling $0.159 of the paid-up capital for each existing share, reducing the par value from $0.16 to $0.001 per share [1] - Following the capital reduction, a share split will occur, converting each share with a par value of $0.16 into 160 shares with a par value of $0.001 [1] - The total amount in the share premium account will be reduced to zero as part of the restructuring [1] Group 2: Application of Restructured Capital - All amounts resulting from the capital reduction and share premium reduction will be transferred to the company's paid-in surplus account to offset accumulated losses or applied in any other manner as permitted by applicable laws without further shareholder approval [1] - After the restructuring takes effect, the trading unit on the Stock Exchange will change from 2,000 existing shares to 20,000 adjusted shares [1]

Core Viewpoint - Alpha Enterprises (00948.HK) announced a proposed capital restructuring plan involving a share capital reduction, share split, and reduction of share premium, aimed at addressing accumulated losses and improving financial standing [1] Group 1: Capital Restructuring Details - The board proposed a capital reduction by cancelling $0.159 of the paid-up capital for each existing share, reducing the par value from $0.16 to $0.001 per share [1] - Following the capital reduction, a share split will occur, converting each unissued share with a par value of $0.16 into 160 shares with a par value of $0.001 each [1] - The total amount in the share premium account will be reduced to zero as part of the restructuring [1] - All amounts resulting from the capital reduction and share premium reduction will be transferred to the company's paid-in surplus account to offset accumulated losses or applied in any other manner as per the board's discretion and applicable laws [1] Group 2: Trading Unit Changes - After the capital restructuring takes effect, the trading unit on the Stock Exchange will change from 2,000 existing shares to 20,000 adjusted shares [1]

Group 1 - The company proposes a capital reorganization that includes capital reduction, share split, and the issuance of new shares [1] - The capital reduction will involve canceling the paid-up capital at HKD 0.79 per share, reducing the par value of each issued share from HKD 0.80 to HKD 0.01, which will offset the accumulated losses [1] - Following the capital reduction, the existing unissued shares will be split into 80 shares with a par value of HKD 0.01 each [1] - The company plans to issue 3.0165 billion new shares with a par value of HKD 0.01 after the capital reduction and share split [1] - The board suggests changing the trading board lot size from 2,000 shares to 8,000 shares [1] Group 2 - The company intends to conduct a rights issue after the capital reorganization, offering 3 new shares for every 1 adjusted share held at a subscription price of HKD 0.30 per share [1] - If the total number of adjusted shares remains unchanged and all rights shares are fully subscribed, the expected total proceeds from the rights issue will be approximately HKD 34.3656 million, with net proceeds estimated at around HKD 33 million after expenses [2]

Core Viewpoint - The company proposes a capital restructuring plan that includes capital reduction, share split, and issuance of new shares to offset accumulated losses and improve financial standing [1] Group 1: Capital Restructuring Details - The company will reduce its issued share capital by canceling shares at a value of HKD 0.79 per share, decreasing the par value from HKD 0.80 to HKD 0.01 per share [1] - The proceeds from the capital reduction will be used to offset the company's accumulated losses as of the effective date of the capital reduction [1] - Following the capital reduction, the existing unissued shares with a par value of HKD 0.80 will be split into 80 shares with a par value of HKD 0.01 each [1] Group 2: New Share Issuance and Trading Units - After the capital reduction and share split, the company will issue 3.0165 billion new shares with a par value of HKD 0.01 each [1] - The board proposes to change the trading unit from 2,000 shares to 8,000 shares [1] - A rights issue will be implemented post-restructuring, allowing existing shareholders to subscribe for 3 new shares at a price of HKD 0.30 for every 1 adjusted share held [1] Group 3: Expected Financial Outcomes - If the total number of adjusted shares remains unchanged and all rights shares are fully subscribed, the expected total proceeds from the rights issue will be approximately HKD 34.3656 million, with net proceeds estimated at around HKD 33 million after expenses [2]