Glory September 23rd News | c zenith chem (00362.HK) announced that the company plans to consolidate its existing ordinary shares with a par value of HK$0.01 per share in the company's share capital.
The board of directors believes that the share consolidation will enable the company to comply with the trading provisions of the listing rules.
Further details of the share consolidation (including its expected timetable, detailed reasons, terms and conditions, procedures and arrangements) will be disclosed in the company's subsequent announcements.