Brief: Vertical International Proposes Share Consolidation Of Every 5 Shares Of Par Value HK$0.01 Each Into 1 Consolidated Share

Data Union Capital International Holdings

26/11/2021 15:15

Nov 26 (Reuters) - Vertical International Holdings Ltd
 8375.HK :
    * PROPOSES SHARE CONSOLIDATION OF EVERY 5 SHARES OF PAR
VALUE
HK$0.01 EACH INTO 1 CONSOLIDATED SHARE
    * AFTER SHARE CONSOLIDATION, PROPOSES RIGHTS ISSUE ON BASIS
OF 1
RIGHTS SHARE FOR EVERY 2 CONSOLIDATED SHARES
    * SEES TO RAISE GROSS PROCEEDS OF ABOUT HK$20.2 MILLION FROM
RIGHTS ISSUE

Source text for Eikon:  ID: 
Further company coverage:  8375.HK 

 ((Reuters.Briefs@thomsonreuters.com;))