Changes in Hong Kong stocks | Century Group International (02113) fell by more than 12% and proposed merging 20 shares per share and changing 5,000 shares per lot to 1,000 shares

The Zhitong Finance App learned that Century Group International (02113) fell by more than 12%. As of press release, it was down 12.07% to HK$0.153, with a turnover of HK$4.216,500.

According to the news, Century Group International announced last night that it is proposed to merge 20 shares into 1 share. After the share merger comes into effect, the trading unit of each lot will be changed from 5,000 existing shares to 1,000 consolidated shares. Proposals are subject to shareholders' approval. According to the Group, with yesterday's closing report of HK$0.174, if the share merger takes effect and the trading unit is changed, the unit value of each lot will be adjusted from HK$870 to HK$3,480, in line with the requirements set out in the relevant trading arrangement guidelines, and the overall transaction and handling fee for trading shares will be reduced as a proportion of the market value of each trading unit.