Brief: Hongda Financial Updates On Potential Share Consolidation

China Wood International Holding

15/05/2020 16:11

May 15 (Reuters) - HongDa Financial Holding Ltd  1822.HK :
    * PROPOSES TO PUT FORWARD PROPOSAL FOR SHARE CONSOLIDATION
OF
EVERY 20 SHARES OF HK$0.01 EACH INTO 1 CONSOLIDATED SHARE
    * CONSOLIDATED SHARE TO HAVE PAR VALUE OF HK$0.20 EACH
    * PROPOSES RIGHTS ISSUE ON BASIS OF 1 RIGHTS SHARE FOR EVERY
5
CONSOLIDATED SHARES AT HK$0.20 PER RIGHTS SHARE
    * ESTIMATED NET PROCEEDS FROM RIGHTS ISSUE TO BE ABOUT HK$2
MILLION

Source text for Eikon:  ID:nHKS6MLwcv 
Further company coverage:  1822.HK 

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