Gelonghui, April 16, 丨 Guanwei Holdings (01872.HK) announced that the board of directors proposed a “10 in 1” share merger.
The share consolidation will not take effect until (i) the shareholders approve the share merger through an ordinary resolution at the special shareholders' meeting; and (ii) the Stock Exchange Listing Committee approves the listing and trading of the consolidated shares after the share merger comes into effect.