gangyu services (00265.HK) plans to merge shares at a ratio of "50 to 1".

On October 31st, Gongyu Services (00265.HK) announced that the board of directors proposed a stock consolidation. Accordingly, every fifty (50) shares of the company's share capital with a par value of 0.005 Hong Kong dollars, whether issued or not, will be consolidated into one (1) share of the company's share capital with a par value of 0.25 Hong Kong dollars. The stock consolidation must be approved by shareholders at a special general meeting through a vote before it can take effect. As of the date of this announcement, the existing shares have a trading unit of 10,000 shares on the Stock Exchange. It is proposed that after the stock consolidation takes effect, it will be traded on the Stock Exchange.

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