Guanli Holdings (01872) issued an announcement. The board of directors of the company proposed a share consolidation based on the basis of merging issued and unissued shares with a face value of HK$0.01 per 10 shares into a consolidated share with a face value of HK$0.10 per share.
Immediately after the share merger comes into effect, the authorized share capital of the company will be HK$100 million, divided into 1 billion consolidated shares with a face value of HK$0.10 per share. Of these, 90 million consolidated shares will be issued and fully paid up or recorded in the accounts.