Sunshine Century (00509) announced that the board of directors has recommended a share consolidation, combining every 40 shares of the company's issued and unissued existing shares with a par value of HKD 0.02 per share into 1 share with a par value of HKD 0.80 per share.
As of the date of this announcement, existing shares are traded on the Stock Exchange of Hong Kong in units of 5000 shares. It is recommended that after the share consolidation takes effect, each trading unit on the Stock Exchange of Hong Kong will be changed to 10,000 consolidated shares.