Yues International Holdings Group Limited (HK:1529) has released an update.
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Yues International Holdings Group Limited has announced a proposal for a share consolidation that would convert every ten existing shares into one consolidated share, alongside a change in board lot size from 10,000 to 2,000 shares, pending shareholder approval. The company’s authorized capital remains unchanged at HK$100,000,000, but the number of shares will be reduced to 1,000,000,000 of HK$0.10 each. Investors are cautioned as the consolidation is subject to certain conditions and may not proceed as planned.
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