Weilu Technology Co., Ltd. (01196) plans to split shares on a “1 split 4” basis

According to Zhitong Finance App, Weilu Technology Co., Ltd. (01196) issued an announcement. The board of directors proposed splitting the existing issued and unissued shares with a face value of HK$0.10 per share in the company's share capital into 4 split shares with a face value of HK$0.025 per share.

After the share split comes into effect, the authorized share capital of the company will be HK$2,000,000,000, divided into 80,000,000,000 split shares, of which 5,769,239,520 split shares will be fully issued and paid up or recorded (assuming that no further shares have been issued or repurchased before the share split takes effect).

The Board further recommended that after the share split comes into effect, the trading unit for each lot of the split shares traded on the Stock Exchange will be changed from 2,000 shares to 1,000 split shares.