Gelonghui reported on November 13 that moody tech hldg (01400.HK) announced that the board of directors proposed to implement a share consolidation, with a benchmark of every 10 shares with a par value of 0.1 Hong Kong dollars to be consolidated into 1 share with a par value of 1.0 Hong Kong dollar.
The board of directors proposed to change the trading unit on the Stock Exchange from 10,000 existing shares to 20,000 consolidated shares, but this takes effect only after the share consolidation is implemented.
