Grace Glory News October 23rd, virtual mind (01520.HK) announced that the board of directors recommended implementing a stock consolidation, with a base of every four (4) shares with a par value of HK$0.01 each issued and unissued existing shares to be consolidated into one (1) share with a par value of HK$0.04 per share.
As of the date of this announcement, the company's statutory share capital is 0.1 billion Hong Kong dollars, divided into 10 billion shares with a face value of HK$0.01 each. Among them, 2,501,965,820 shares of existing shares have been issued and fully paid or credited as fully paid. After the stock consolidation takes effect, and assuming that the number of existing shares issued from the date of this announcement until the effective date of the stock consolidation remains unchanged, the company's statutory share capital will be 0.1 billion Hong Kong dollars, divided into 2.5 billion shares of HK$0.04 per share post-consolidation, of which 625,491,455 shares of consolidated shares (fully paid or credited as fully paid) will be issued.
