UNITY ENT plans to conduct a share consolidation based on a "10-for-1" ratio
UNITY ENT announced plans for a share consolidation, with a ratio of ten existing shares consolidated into one share. The current number of shares is 1.41 billion, and after the consolidation, it will not exceed 141 million shares. It is proposed to change the trading unit on the Stock Exchange from 5,000 shares to 10,000 shares, to be implemented after the share consolidation takes effect
According to the announcement from Unity Enterprise Holdings (02195), the board of directors proposes to implement a share consolidation, with a basis of consolidating every ten existing issued shares into one consolidated share. As of the date of this announcement, the number of existing shares issued and outstanding is 1.41 billion shares. After the share consolidation takes effect, assuming no additional existing shares are issued or repurchased from the date of this announcement until the effective date of the share consolidation, the number of issued consolidated shares will not exceed 141 million shares.
As of the date of this announcement, the trading board lot for existing shares on the Stock Exchange is 5,000 existing shares. It is proposed to change the trading board lot for shares on the Stock Exchange from 5,000 existing shares to 10,000 consolidated shares, but this change will only take effect after the share consolidation is completed
