04:22 AM EDT, 07/12/2022 (MT Newswires) -- Crosstec Group Holdings (HKG:3893) will propose a share consolidation and board lot size change, according to a Friday stock filing.
Under the scheme, the company will consolidate 10 existing shares into one consolidated share. The company's 2.5 billion shares will be consolidated into 250 million consolidated shares, it said. Fractional shares will be disregarded.
Once the share consolidation is in effect, the board will change the board lot size to 4,000 consolidated shares from 20,000 shares.
Shares in Crosstec slid more than 4% in Tuesday trading.
Price (HKD): $0.07, Change: $0.00, Percent Change: -4.23%