Summary by Futu AI
On May 31, 2024, Hengyu Group submitted the latest monthly securities report, showing that the company has undergone a capital reorganization. According to the report, Hengyu Group will merge every twenty ordinary shares with a par value of HKD 0.01 into one merged share with a par value of HKD 0.2. After the merger, the total number of shares will be reduced from 2,000,000,000 to 500,000,000, while the legal/registered share capital will remain at HKD 100,000,000. The capital reorganization was approved at the shareholders' meeting on May 3, 2024 and officially implemented on May 7, 2024. In addition, the company secretary, Chen Xiaohua confirmed that all relevant legal documents have been complied with and filed, and all conditions have been fulfilled. The report was officially submitted to Hong Kong Exchanges and Clearing Limited on June 4, 2024.