Brief: Glory Sun Land Proposes That 50 Shares Be Consolidated Into 1 Share

Glory Sun Land

11/03/2022 14:44

March 11 (Reuters) - Glory Sun Land Group Ltd  0299.HK :
    * PROPOSES THAT 50 ISSUED & UNISSUED EXISTING SHARES OF PAR
VALUE
OF HK$0.05 EACH BE CONSOLIDATED INTO 1 SHARE OF PAR VALUE OF
HK$2.50
    * PROPOSES THAT IMMEDIATELY FOLLOWING SHARE CONSOLIDATION
BECOMING
EFFECTIVE, CAPITAL REDUCTION BE IMPLEMENTED
    * CREDIT ARISING FROM CAPITAL REDUCTION IN AMOUNT OF
HK$267.5
MILLION WILL BE APPLIED TO OFFSET AGAINST BALANCE OF ACCUMULATED
LOSSES OF CO

Source text for Eikon:  ID:nHKSfllyG 
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