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MEXAN (00022.HK) Proposes 50-for-1 Share Consolidation, Board Lot to Be Changed to 2,000 Shares
MEXAN (00022.HK) announced a proposed 50-for-1 share consolidation and further proposed to change the board lot size from 40,000 existing shares to 2,000 consolidated shares. Tradi...
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MEXAN (00022.HK) Proposes 50-for-1 Share Consolidation, Board Lot to Be Changed to 2,000 Shares
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MEXAN (00022.HK)  -0.012 (-18.462%)   announced a proposed 50-for-1 share consolidation and further proposed to change the board lot size from 40,000 existing shares to 2,000 consolidated shares. Trading in the consolidated shares is expected to commence on July 6.

Currently, there are 1.966 billion issued existing shares which are fully paid or credited as fully paid. Upon the share consolidation becoming effective, there will be 39.3278 million issued consolidated shares which are fully paid or credited as fully paid.

At present, the value of each board lot of 40,000 existing shares is HKD2,600. Upon the share consolidation and the change in board lot size becoming effective, the expected market value per board lot of 2,000 consolidated shares will be HKD6,500. (jl/da)(HK stocks quote is delayed for at least 15 mins.)

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