Summary by Futu AI
Top Standard Corporation (the “Company”) will hold an Extraordinary General Meeting on January 16, 2024 to consider and approve the proposed share consolidation and change of trading units. The share merger will combine each ten shares of existing shares into one consolidated share and change the unit of sale per share from 8,000 shares of existing shares to 20,000 shares of consolidated shares. The move is designed to increase the trading price per share unit, which is expected to reduce overall transaction costs and handling fees for the shares and make investments in consolidated shares more attractive to a wider range of institutions and professional investors. The implementation of the share consolidation and change of each trading unit is subject to the ordinary resolution of the shareholders at the Extraordinary General Meeting and the approval of the combined listing and trading of shares by the GEM Listing Committee of the Exchange. The Company has issued a Circular on 29 December 2023 detailing matters relating to the Proposal and the Special Meeting.