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Crosstec Group Proposes Share Consolidation

MT Newswires ·  {{timeTz}}

03:15 AM EDT, 07/29/2022 (MT Newswires) -- Crosstec Group (HKG:3893) will propose a share consolidation scheme, under which 10 shares will be consolidated into one share, according to a Thursday stock filing.

The scheme will see the manufacturing company's 2.5 billion shares consolidated into 250 million shares, of which 72 million consolidated shares will be issued.

The board will also propose a change in the board lot size to 4,000 consolidated shares from 20,000 existing shares.

Price (HKD): $0.05, Change: $0.00, Percent Change: 0.00%

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