Moody Technology Proposes Share Consolidation and Lot Size Change

Moody Technology Holdings Limited (HK:1400) has released an update.

Moody Technology Holdings Limited is proposing a share consolidation, where every ten existing shares will be consolidated into one share, alongside a change in board lot size from 10,000 to 20,000 shares. This move aims to streamline share trading and potentially enhance the company’s market value, as illustrated by the new board lot’s estimated value of HK$3,200. Shareholders will vote on these proposals at an upcoming special general meeting.

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