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UNI PRINTSHOP (08448.HK) plans to consolidate shares based on a "5 for 1" benchmark.
On February 11, Glonghui announced that UNI PRINTSHOP (08448.HK) proposed a share consolidation, with the basis of merging every five (5) shares with a par value of HKD 0.05 into one (1) consolidated share with a par value of HKD 0.25. The Board of Directors suggested that immediately after the consolidation takes effect, a capital reduction and share subdivision will be implemented, in accordance with which: (i) any fractional consolidated shares arising from the share consolidation will be cancelled, and the company will reduce the issued capital by cancelling paid-up capital at a par value of HKD 0.24 per issued consolidated share.
Express News | Universe Printshop - Every 5 Issued and Unissued Shares of HK$0.05 Each Be Consolidated Into 1 Consolidated Share of HK$0.25 Each
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