Glonghui, April 29丨Accor Holdings (03313.HK) announced that the board of directors recommended the implementation of share capital reduction and share segmentation. According to this, (i) the company's issued share capital will be reduced by canceling the paid up share capital (limited to HK$0.19 per issued share), so that the face value of each issued share will be reduced from HK$0.20 to HK$0.01; and (ii) following the share capital reduction, the statutory but unissued shares with a face value of HK$0.20 per share will be broken down into 20 (20) shares New shares with a face value of HK$0.01 per share.
After the share capital reduction and share split take effect, the trading unit for each new share lot will be consistent with the trading unit for each lot of shares, that is, 10,000 new shares per lot, and the new shares will enjoy the same status in all aspects according to the outline and rules.