Brief: GTI Says Will Implement Proposed Restructuring Which Involves Capital Reorganisation

GTI Holdings

23/05/2023 16:01

May 23 (Reuters) - GTI  3344.HK :
    * COMPANY WILL IMPLEMENT PROPOSED RESTRUCTURING WHICH
INVOLVES
CAPITAL REORGANISATION , SUBSCRIPTION, SCHEME
    * AFTER, CONSOLIDATION, CAPITAL REDUCTION, SHARE CAPITAL TO
BE
INCREASED TO HK$500 MILLION DIVIDED INTO 50 BILLION NEW SHARES
OF HK$0.01 EACH
    * TRADING IN SHARES ON STOCK EXCHANGE WILL REMAIN SUSPENDED
PENDING FULFILLMENT OF RESUMPTION GUIDANCE
    * INVESTOR SHALL SUBSCRIBE FOR TOTAL OF 5.44 BILLION
SUBSCRIPTION
SHARES AT TOTAL SUBSCRIPTION PRICE OF HK$108.7 MILLION


Further company coverage:  3344.HK 

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