Century Group International (02113) proposes share consolidation and change of trading unit per lot

Zhitong Finance App News, Century Group International (02113) issued an announcement. The board of directors proposed to implement a share merger based on the basis of merging every 20 existing shares in the company's issued and unissued share capital into 1 consolidated share. As of the date of this announcement, the Company had 805 million issued existing shares paid up or recorded as fully paid. Assuming that no further shares have been issued from the date of this announcement until the date of the special shareholders' meeting, after the share merger comes into effect, the Company will list 40.237,500 fully paid or recorded shares as paid up consolidated shares. The authorized share capital of the Company will remain HK$20 million, but will be divided into 100 million consolidated shares with a face value of HK$0.2 per share.

As of the date of this announcement, existing shares were traded on the Stock Exchange according to trading orders of 5,000 existing shares per lot. The board of directors proposed changing the trading unit for each lot traded on the Stock Exchange from 5,000 existing shares to 1,000 consolidated shares, subject to restrictions and subject to the share merger taking effect.