Brief: Luen Wong Group Intends To Put Forward A Proposal To Shareholders To Effect Share Consolidation

Ju Fu Tang Biotech Holdings Co

02/08/2021 16:10

Aug 2 (Reuters) - Luen Wong Group Holdings Ltd  8217.HK :
    * INTENDS TO PUT FORWARD A PROPOSAL TO SHAREHOLDERS TO
EFFECT
SHARE CONSOLIDATION
    * PROPOSED SHARE CONSOLIDATION INVOLVES CONSOLIDATION OF
EVERY 4
SHARES OF PAR VALUE HK$0.04 EACH INTO 1 OF PAR VALUE OF HK$0.16
EACH
    * RIGHTS ISSUE TO RAISE GROSS PROCEEDS OF APPROXIMATELY
HK$52.3
MILLION BEFORE EXPENSES
    * PROPOSES TO IMPLEMENT RIGHTS ISSUE ON BASIS OF 2 RIGHTS
SHARES
FOR EVERY 1 CONSOLIDATED SHARE AT HK$0.26/RIGHTS SHARE

Source text for Eikon:  ID:nHKS2httz6 
Further company coverage:  8217.HK 

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