Gelonghui 28 December? Bigao Group (08220.HK) announcementThe board of directors recommends that share consolidation be implemented on the basis of merging every 10 issued and unissued existing shares into 1 new share. The merger of shares shall be subject to, among other things, the approval of the shareholders at the extraordinary general meeting of shareholders.
As at the date of the announcement, the existing shares were traded on the Stock Exchange on the basis of 20000 existing share trading units per share. Subject to the entry into force of the share merger, the Board proposes to change the number of shares traded on the Stock Exchange from 20000 existing shares to 10000 new shares.