Ronghui Holdings (08213.HK) said that it had earlier announced a proposal for a "5-in-1" partnership, but failed to comply with the trading requirements of the GEM listing rules because the new trading unit value of each order will be about 1500 yuan, which is lower than the estimated value of 2000 yuan per order trading unit stipulated in the trading arrangements guidelines. It is therefore proposed to modify the original share consolidation structure to merge every eight issued and unissued existing shares with a nominal value of $0.01 into one consolidated share with a nominal value of $0.08.
Based on the pre-closing price of $0.029 per existing share, the share price of the company will be adjusted to $0.232 per consolidated share. If there are 10000 shares per lot, the value of the new unit will be $2320.