Garmin Group (08519) continued to rise by more than 13% to a record high. Since March, it has surged 338%. As of press release, it has risen 13.64% to HK$0.75, with a turnover of HK$1.28 million.
The Zhitong Finance App learned that Jiamin Group (08519) continued to rise by more than 13%, reaching another record high. Since March, it has surged 338%. As of press release, it has risen 13.64% to HK$0.75, with a turnover of HK$1.28 million.
According to the news, Jiamin Group recently issued an announcement. The board of directors proposed a share merger. The issued and unissued existing shares with a face value of HK$0.01 per 2 shares in the company's share capital will be merged into 1 consolidated share with a face value of HK$0.02 per share.
As of the date of this announcement, existing shares were traded on the Stock Exchange with trading orders of 10,000 existing shares per lot. After the share merger comes into effect, the board of directors proposed changing the trading unit for each lot traded on the Stock Exchange from 10,000 existing shares to 20,000 consolidated shares.