Shun Wo Group Proposes Share Consolidation

Shun Wo Group Holdings Ltd. (HK:1591) has released an update.

Shun Wo Group Holdings Ltd. announces a proposed share consolidation, converting every ten existing shares into one consolidated share, aiming to streamline its capital structure without affecting shareholder equity or the company’s financial position. The consolidation is subject to shareholder approval and stock exchange listing, with an expected effective date of 17 September 2024. Shareholders are advised to consult professional advisers and exercise caution when dealing with the company’s securities during this period.

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