Trendzon Holdings Group Limited (HK:1865) has released an update.
Trendzon Holdings Group Limited has announced a significant corporate restructuring that includes a share consolidation, changing every ten existing shares into one new share, and a change in board lot size from 4,000 to 12,000 shares post-consolidation. The company also proposes a rights issue offering four new shares for every one consolidated share, which will be executed on a non-underwritten basis, and possible adjustments to existing share options. Shareholders are advised to exercise caution and seek professional advice as the consolidation and lot size change are subject to certain conditions and may not proceed.
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