Brief: China Zenith Chemical Proposes To Implement Share Consolidation Of Every 20 Existing Shares Into One Share
18/10/2022 16:07
Oct 18 (Reuters) - China Zenith Chemical Group Ltd
0362.HK :
* PROPOSES TO IMPLEMENT SHARE CONSOLIDATION WHEREBY EVERY
20
EXISTING SHARES WILL BE CONSOLIDATED INTO ONE SHARE
* BOARD PROPOSES TO IMPLEMENT RIGHTS ISSUE ON BASIS OF FIVE
RIGHTS
SHARES FOR EVERY TWO ADJUSTED SHARES
* RIGHTS ISSUE TO RAISE GROSS PROCEEDS OF UP TO HK$79.5
MILLION
Further company coverage: 0362.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on China Zenith Chemical
See all newsBrief: China Zenith Chemical Says Last Day Of Listing Of Co's Shares Will Be Oct 16
Brief: China Zenith Chemical Ordered To Be Wound Up By High Court
Brief: China Zenith Chemical Says Winding Up Petition Adjourned To 17 March
Brief: China Zenith Chemical Proposes Rights Issue
Brief: China Zenith Chemical Posts H1 Revenue HKD 22 Million