Zhitong Financial APP News, Sangao Financial (00412) announced that all the conditions for the share merger have been reached, and the share merger will take effect on July 29th, 2022. Trading in the consolidated shares will begin at 09:00 on July 29th, 2022.
In addition, the exercise price per Consolidated share immediately following the adjustment is HK $1.68, and the number of Consolidated shares to be issued upon exercise of the outstanding options is 42.35 million.
Each lot of shares traded on the Stock Exchange will be changed from 6000 existing shares to 1000 Consolidated shares with effect from 09:00 on 29 July 2022.