Summary by Futu AI
HENGYU GROUP (02448.HK) COMPLETED A CAPITAL RESTRUCTURING ON 7 MAY 2024 TO MERGE EACH 20 ORDINARY SHARES WITH A VALUE OF HK$0.01 INTO ONE CONSOLIDATED SHARE WITH A FACE VALUE OF HK$0.2, REDUCING THE NUMBER OF SHARES ISSUED FROM 1,160,640,000 SHARES TO 58,032,000 SHARES AT A FLOATING RATIO OF 95%. Details of this restructuring were previously disclosed in the Company Circular dated 11 April 2024. HENGYU GROUP CONFIRMS THAT EACH RELEVANT ISSUANCE HAS BEEN FORMALLY AUTHORISED AND APPROVED BY THE BOARD OF DIRECTORS AND HAS COMPLIED WITH THE RELEVANT REQUIREMENTS OF THE SECURITIES LISTING RULES OF THE HONG KONG STOCK EXCHANGE LIMITED.