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SK target plans to consolidate stocks in a 10-to-1 merger and change the trading unit to 1200 shares per hand.
SK target (08427) announced that the board of directors proposed to consolidate every 10 issued and unissued existing shares in the company's share capital into 1 consolidated share. As of the date of this announcement, the company has 0.136 billion shares fully paid or accounted for as fully paid of the existing issued shares. Assuming no further issuance or repurchase of existing shares from the date of this announcement until the extraordinary general meeting of shareholders, there will be 13.6264 million shares fully paid or accounted for as fully paid of the consolidated shares issued by the company after the share consolidation takes effect. As of the date of this announcement, the existing shares are traded on the Stock Exchange of Hong Kong in units of 6000 existing shares per lot. The board of directors recommends that
SK target (08427.HK) plans to merge shares at a ratio of 10 to 1.
On July 4th, Gelunhui reported that the board of directors of SK Target (08427.HK) proposed to merge every ten (10) issued and unissued existing shares in the company's capital into one (1) merged share. As of the date of this announcement, the company has 136,263,600 fully paid or credited issued shares. Assuming that no more existing shares will be issued or repurchased from the date of this announcement until the date of the extraordinary general meeting of shareholders, after the share consolidation takes effect, the company will have 13,626,360 fully paid or credited issued merged shares. As of the date of this announcement, the existing shares are traded on the Stock Exchange of Hong Kong with a minimum trading unit.
Express News | SK Target Group Ltd - Proposes Every Ten Shares in Co Be Consolidated Into One Share
SK target (08427) plans to offer a discount of about 11.1% for a total of 27.2527 million shares in the allocation, raising a net amount of about HKD 2.1 million.
SK target (08427) announced that after the trading session on June 27, 2024, the company and the subscriber...
Express News | SK Target Group Ltd - Will Allot and Issue 27.3 Mln Shares at HK$0.08 per Share
Express News | SK Target Group Ltd - Subscription of New Shares Under General Mandate
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