Brief: Alco Holdings Proposes To Implement Capital Reorganisation

Alco Holdings

27/01/2023 14:00

Jan 27 (Reuters) - Alco Holdings Ltd  0328.HK :
    * BOARD PROPOSES TO IMPLEMENT CAPITAL REORGANISATION
    * PROPOSES SHARE CONSOLIDATION
    * TO IMPLEMENT CAPITAL REDUCTION WHEREBY ISSUED SHARE
CAPITAL WILL
BE REDUCED
    * UNDER CONSOLIDATION EVERY 50 SHARES OF PAR VALUE OF
HK$0.10 EACH
TO BE CONSOLIDATED INTO 1 SHARE OF PAR VALUE OF HK$5.00 EACH
    * PROPOSES TO CONDUCT RIGHTS ISSUE ON BASIS OF 4 SHARES FOR
EVERY
1 ADJUSTED SHARE AT SUBSCRIPTION PRICE OF HK$1.425 PER/SHARE

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