Hao Tian International Proposes 5-for-1 Share Consolidation and Board Lot Change

Hao Tian International Construction Investment Group Limited ( (HK:1341) ) has shared an announcement.

Hao Tian International Construction Investment Group Limited plans to consolidate every five existing shares of HK$0.01 par value into one consolidated share of HK$0.05, reducing the number of issued shares from approximately 11.10 billion to about 2.22 billion while keeping the authorised share capital at HK$200 million. Subject to shareholder approval at an extraordinary general meeting, the company will also change the trading board lot from 8,000 existing shares to 10,000 consolidated shares once the consolidation becomes effective, a move that may improve trading efficiency and share price perception, though the company cautions investors that the proposals may or may not proceed and urges them to act prudently.

The most recent analyst rating on (HK:1341) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Hao Tian International Construction Investment Group Limited stock, see the HK:1341 Stock Forecast page.

More about Hao Tian International Construction Investment Group Limited

Hao Tian International Construction Investment Group Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating in the construction and investment sector. The group focuses on construction-related investments and associated financial and capital markets activities, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1341.

Average Trading Volume: 941,106,953

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.23B

Find detailed analytics on 1341 stock on TipRanks’ Stock Analysis page.