idt int'l (00167) resumed trading with a high opening of over 88%, as of the time of publication, it rose by 88.89% to 0.034 Hong Kong dollars, with a turnover of 0.0488 million Hong Kong dollars.
According to the Wisers APP, idt int'l (00167) resumed trading with a high opening of over 88%, as of the time of publication, it rose by 88.89% to 0.034 Hong Kong dollars, with a turnover of 0.0488 million Hong Kong dollars.
On the news front, idt int'l announced that all the resumption guidelines have been met, mainly including: issuing all unpublished performance reports and addressing any review comments, with the group having resumed sales of electronic products under the "Oregon Scientific" brand, returning to near-profit levels in the first six months of this year; and proving that the company complies with Listing Rule 13.24, i.e., having sufficient business operations or possessing tangible assets or intangible assets of considerable value.
In addition, the company recently announced a plan to consolidate shares, involving merging every 60 shares of existing shares with a face value of 0.10 yuan per share into 1 share of consolidated shares with a face value of 6 yuan; increasing the statutory share capital from 2 billion yuan by issuing 16.6667 million shares of unissued consolidated shares, raising it to 2.1 billion yuan; capital reduction involving canceling the paid-up capital by reducing the face value of each issued consolidated share from 6 yuan to 0.6 yuan; share split, where each share with a face value of 6 yuan of statutory but unissued consolidated shares will be split into 10 shares of new shares with a face value of 0.6 yuan each; and canceling the share premium.