Wise Finance APP reported that RMH Holdings (08437) announced that the board of directors recommends implementing a capital restructuring, involving share consolidation, capital reduction, and share subdivision.

The share consolidation will involve combining every 20 shares of existing issued and unissued shares with a nominal value of 0.01 Hong Kong dollars into 1 share of consolidated shares with a nominal value of 0.20 Hong Kong dollars per share.

Following the effectiveness of the share consolidation, the capital reduction will involve canceling the fractional consolidated shares in the issued consolidated shares by the company paying up the capital of 0.19 Hong Kong dollars per share, reducing the nominal value of the issued consolidated shares from 0.20 Hong Kong dollars to 0.01 Hong Kong dollar. In addition, any fractional consolidated shares in the company's issued share capital resulting from the share consolidation will be canceled.

Following the effectiveness of the share consolidation and capital reduction, each legal but unissued consolidated share (including such legal unissued consolidated shares resulting from capital reduction) will be subdivided into 20 shares of new shares with a nominal value of 0.01 Hong Kong dollars per share.