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V&V TECH (08113.HK) plans to consolidate shares on a "10 to 1" basis.
On March 14, Gelonghui reported that V&V TECH (08113.HK) announced that the Board of Directors proposed a share consolidation, with the benchmark being a consolidation of every ten (10) existing shares with a par value of HKD 0.01 each into one (1) consolidated share with a par value of HKD 0.1 each. As of the date of this announcement, existing shares are traded in board lots of 10,000 shares on the Stock Exchange. It is proposed that under the condition that the share consolidation becomes effective, the trading board lot on the Stock Exchange will be changed from 10,000 existing shares to 5,000 consolidated shares.
Express News | V & V Technology - Every 10 Issued & Unissued Existing Shares With Par Value of HK$0.01 Each Be Consolidated Into 1 Consolidated Share
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