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Welife Technology Limited ( (HK:1703) ) just unveiled an announcement.
Welife Technology Limited plans to consolidate its share capital by merging every ten existing shares with a par value of HK$0.01 into one consolidated share with a par value of HK$0.10, reducing the number of issued shares from 1.15 billion to 115 million while maintaining the total authorized capital at HK$50 million. The board lot size for trading on the Hong Kong Stock Exchange will remain at 5,000 shares, and the move, which will not affect the company’s underlying assets, operations, or shareholder proportional interests aside from fractional entitlements, is subject to shareholder approval at an extraordinary general meeting and regulatory clearance, with investors advised that the consolidation may or may not proceed.
More about Welife Technology Limited
Average Trading Volume: 9,963,018
Technical Sentiment Signal: Buy
Current Market Cap: HK$116.2M
For an in-depth examination of 1703 stock, go to TipRanks’ Overview page.