Workflow
Civil engineering services (road and drainage works)
icon
Search documents
Skyline Builders Group Holding Limited Announces Proposed Share Consolidation
Globenewswireยท 2025-08-25 12:30
Core Viewpoint - Skyline Builders Group Holding Limited has proposed a share consolidation plan to be presented for shareholder approval, aiming to consolidate ten ordinary shares into one, or a lesser ratio determined by the Board, with the goal of enhancing the company's capital structure [1][2]. Company Overview - Skyline Builders Group Holding Limited operates as an Approved Public Works Contractor in Hong Kong, focusing on civil engineering services, particularly in public sector projects involving infrastructure developments, as well as private sector projects related to residential and commercial developments [5]. - The company primarily undertakes civil engineering works as a subcontractor but is also qualified to act as a main contractor [5]. Share Consolidation Details - The proposed share consolidation will be presented at an extraordinary general meeting, where shareholders will vote on the consolidation ratio, which is set at ten ordinary shares into one, with a minimum of two shares into one [2]. - If approved, the Board will determine the final consolidation ratio and effective date, with implementation expected within one year of approval [2]. - No fractional shares will be issued; any resulting fractional shares will be rounded up to the nearest whole share [3]. Meeting Information - Further details regarding the extraordinary general meeting will be provided in a proxy statement and notice distributed to shareholders [4].