Weijun Group Holdings (01013) announced that the board of directors recommended that every 8 common shares be merged into 1 common share and every 8 existing preferred shares into 1 preferred share. The Board also recommends that each trading unit be changed from 20,000 existing ordinary shares to 10,000 Consolidated ordinary shares after the share consolidation takes effect.
After the share consolidation takes effect, the conversion price of the existing convertible bonds is expected to be adjusted from HK $0.048 per conversion share (which can be adjusted) to HK $0.384 per conversion share (which can be adjusted) in accordance with its terms and conditions.