Zhong Tong Financial News APP reported that Imperium Fin Gp (08029) announced that the board of directors recommends a consolidation of existing and unissued shares at a ratio of 4 shares to 1 share with a par value of HK$0.16 per share as the basis for the consolidation. The share consolidation shall only take effect after approval by shareholders at an extraordinary general meeting of shareholders, including.

As of the date of this announcement, a total of 2.334 billion shares have been fully paid up or credited to as fully paid-up existing shares. Assuming no further issuance or repurchase of shares from the date of this announcement until the effective date of the share consolidation, there will be 0.5835 billion fully paid-up existing consolidated shares after the consolidation takes effect.

As of the date of this announcement, the existing shares are traded in units of 5000 shares per trade on the HKEx. The board of directors proposes to change the trading units from 5000 existing shares to 10,000 consolidated shares on the HKEx, but this change can only take effect after the share consolidation is effective.

Based on the closing price reported on the HKEx on the date of this announcement at HK$0.092 per existing share (equivalent to HK$0.368 per consolidated share), the market cap of 10,000 consolidated shares per trade (assuming the share consolidation and change in trading units have taken effect) will be HK$3680.