Min Fu Intl (08511) announced that the board of directors recommends merging each 40 issued and unissued existing shares in the company's share capital into 1 share. As of the date of this announcement, the issued existing shares that have been paid in full or accounted for as paid in full are 0.72 billion shares. Assuming that no existing shares will be issued or repurchased from the date of this announcement until the effective date of the share consolidation, the issued merged shares that have been paid in full or accounted for as paid in full will be 17.9973 million shares after the share consolidation becomes effective.
Min Fu Intl (08511) announced that the board of directors recommends merging each 40 issued and unissued existing shares in the company's share capital into 1 share. As of the date of this announcement, the issued existing shares that have been paid in full or accounted for as paid in full are 0.72 billion shares. Assuming that no existing shares will be issued or repurchased from the date of this announcement until the effective date of the share consolidation, the issued merged shares that have been paid in full or accounted for as paid in full will be 17.9973 million shares after the share consolidation becomes effective.
As of the date of this announcement, the existing shares are traded in units of 0.02 million shares per transaction on the Stock Exchange of Hong Kong (SEHK). The board of directors recommends changing each trading unit traded on SEHK from 0.02 million shares of existing shares to 2000 merged shares after the share consolidation becomes effective.
