Jiayi Holdings (01025) plans to consolidate shares on a “20 merge 1” basis

According to the Zhitong Finance App, Jiayi Holdings (01025) issued an announcement. The board of directors proposed a share merger. The basis is the merger of issued and unissued existing shares with a face value of HK$0.01 per 20 shares in the company's share capital into a consolidated share with a face value of HK$0.20.

As of the date of this announcement, the authorized share capital of the Company was HK$100 million, divided into 10 billion existing shares with a face value of HK$0.01 per share. Of these, 842 million existing shares have been issued and paid up or recorded as fully paid up as paid shares. Assuming that no existing shares are issued, allotted or repurchased between the date of this announcement and the date of the special shareholders' meeting, after the share merger takes effect, the authorized share capital of the company will be HK$100 million, divided into 500 million consolidated shares with a face value of HK$0.20 each. Of these, 42.1216 million consolidated shares (paid or recorded as fully paid shares) will be issued.