World super (08612) announced that as of the date of this announcement, the trading unit for each share traded on the HKEX is...
Financial and Economic news app, World super (08612) announced that as of the date of this announcement, the existing shares traded on the HKEX have a trading unit of 10,000 shares. The board of directors recommends that, subject to and upon the effectiveness of the share consolidation, the trading unit on the HKEX will change from 10,000 shares of existing shares to 20,000 shares of consolidated shares.
Based on the closing price per share of 0.016 Hong Kong dollars for the existing shares as of the date of this announcement (equivalent to a theoretical closing price per share of 0.16 Hong Kong dollars for the consolidated shares), (1) the value of 10,000 shares of existing shares per trading unit is 160 Hong Kong dollars; (2) assuming the share consolidation takes effect, the value per trading unit of 10,000 shares of consolidated shares will be 1600 Hong Kong dollars; and (3) assuming the share consolidation and change in trading unit take effect, the expected value per trading unit of 20,000 shares of consolidated shares will be 3200 Hong Kong dollars.