Brief: Grand Field Group Announces Proposed Share Consolidation

Grand Field group

17/11/2020 15:11

Nov 17 (Reuters) - Grand Field Group Holdings Ltd  0115.HK :
    * PROPOSES SHARE CONSOLIDATION OF EVERY 10 ISSUED & UNISSUED
EXISTING SHARES OF PAR VALUE HK$0.10 EACH INTO 1 CONSOLIDATED
SHARE
    * CONSOLIDATED SHARES OF PAR VALUE OF HK$1.00 EACH
    * TSANG TSZ NOK, ALEEN TO SUBSCRIBE FOR NEW CONVERTIBLE BOND
FOR
NOT MORE THAN HK$102.32 MILLION
    * PROPOSES CAPITAL REDUCTION WHEREBY PAR VALUE OF EACH
ISSUED
CONSOLIDATED SHARE WILL BE REDUCED FROM HK$1.00 TO HK$0.01
    * PROPOSES SHARE SUBDIVISION OF EVERY UNISSUED CONSOLIDATED
SHARE
OF HK$1 EACH IN CO'S AUTHORISED SHARE CAPITAL INTO 100 NEW
SHARES
    * EXPECTED CAPITAL REORGANISATION WILL BECOME EFFECTIVE ON
25 JAN,
2021
    * NEW SUBDIVIDED SHARES OF PAR VALUE OF HK$0.01 EACH

Source text https://bit.ly/3pDNeIs
Further company coverage:  0115.HK 

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