Brief: C&N To Implement Share Consolidation Of Every 20 Issued & Unissued Existing Shares Into One Share

C&N Holdings

21/10/2022 14:45

Oct 21 (Reuters) - C&N Holdings Ltd  8430.HK :
    * BOARD INTENDS TO IMPLEMENT SHARE CONSOLIDATION OF EVERY 20
ISSUED & UNISSUED EXISTING SHARES INTO ONE SHARE OF PAR VALUE OF
HK$0.2
    * PROPOSES TO IMPLEMENT RIGHTS ISSUE ON BASIS OF 3 RIGHTS
SHARES
FOR EVERY 1 CONSOLIDATED SHARE HELD
    * ESTIMATED NET PROCEEDS FROM RIGHTS ISSUE WILL BE ABOUT
HK$31.4
MILLION

Further company coverage:  8430.HK 
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