Yingsheng Science (00209) issued an announcement. The board of directors recommended that the issued and unissued shares be based on a face value of HK$0.01 per 5 shares...
Zhitong Finance App News, Yingsheng Science (00209) issued an announcement. The board of directors proposed a share consolidation based on the basis of merging issued and unissued shares with a face value of HK$0.01 per 5 shares into a consolidated share with a face value of HK$0.05 per share.
Immediately after the share merger comes into effect, share capital reduction and share segmentation will be implemented. The company's issued share capital will be reduced by cancelling the paid-up share capital (up to HK$0.04 per share of the consolidated share already issued at the time), so that the face value of each issued consolidated share will be reduced from HK$0.05 to HK$0.01; and immediately after the share capital reduction, statutory but unissued consolidated shares with a face value of HK$0.05 per share will be split into 5 new shares with a face value of HK$0.01 per share.