China Huajun (00377): Proposed share capital reduction and breakdown of statutory but unissued shares and change in trading unit per lot

Zhitong Finance App News, China Huajun (00377) issued an announcement. The Company proposes to carry out a share capital restructuring involving share capital reduction and share division, as follows: (a) by cancelling the paid-up share capital of HK$0.999 per issued share, the face value of each issued share will be reduced from HK$1.00 to HK$0.001; and (b) immediately after the share capital reduction takes effect, each statutory but unissued share with a face value of HK$1.00 will be split into 1,000 shares with a face value of HK$0.001 per share.

On the date of this announcement, shares were traded on the Stock Exchange with 80 shares per trading unit. It is proposed to change the trading unit for each lot of shares traded from 80 shares to 2,000 shares.