EPI (Holdings) Proposes Share Consolidation

MT NewswiresFeb 5 06:00 ET

EPI (HOLDINGS) (00689.HK) suggests a capital reorganization.

On February 4, Glonghui reported that EPI (HOLDINGS) (00689.HK) announced that the Board of Directors proposed the implementation of a capital reorganization, which involves a share consolidation and capital reduction. The Board of Directors recommends merging every ten (10) existing issued shares into one (1) consolidated share. The share consolidation must await approval from the Shareholder at the special general meeting before it can take effect. As of the date of this announcement, there are 5,240,344,044 shares with a par value of HKD 0.01 issued existing shares that are fully paid or recorded as fully paid. After the share consolidation takes effect, and assuming from the date of this announcement until the date the share consolidation becomes effective.

Gelonghui FinanceFeb 4 08:15 ET

Express News | EPI (Holdings) - Every 10 Existing Shares of Co Be Consolidated Into 1 Share of Par Value HK$0.01 Each

ReutersFeb 4 07:55 ET

EPI (Holdings) Limited Amends Share Placing Agreement to Secure Future Growth

TipRanksJan 27 07:38 ET

EPI Holdings Seeks to Raise HK$18 Million via Share Placement

MT NewswiresJan 16 02:47 ET

EPI (HOLDINGS) (00689.HK) plans to issue a placement of up to 1.047 billion shares at a discount of approximately 5.56%.

Gelonghui, January 15 - EPI (HOLDINGS) (00689.HK) announced that on January 15, 2025, the company entered into a placement agreement with the placement agent. The company intends to place up to 1.047 billion new shares at a placement price of HKD 0.017 per share (approximately a 5.56% discount to the closing price of HKD 0.018 per share on January 15). The maximum number of placement shares accounts for about 19.98% of the company’s existing issued share capital and approximately 16.65% of the company’s expanded issued share capital after the placement and issuance of the maximum number of placement shares. The total amount raised from the placement and the net proceeds will be a maximum of...

Gelonghui FinanceJan 15 06:35 ET