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Richly Field China Development's Fiscal H1 Loss Shrinks
RICHLY FIELD: Interim Report 2024/25
RICHLY FIELD (00313.HK) suggests a share consolidation of 20 for 1 with a trading lot of 25,000 shares.
RICHLY FIELD (00313.HK) announced a proposed 20-for-1 share consolidation. After this takes effect, the trading unit will change from the current 50,000 shares to 25,000 shares. The share consolidation is expected to take effect on January 17, 2025 (Friday).
Richly Field China Announces Share Consolidation Plans
RICHLY FIELD (00313.HK) intends to conduct a share consolidation based on a "20 for 1" ratio.
On December 13, Gelonghui reported that RICHLY FIELD (00313.HK) announced that the Board of Directors proposed a share consolidation based on merging every twenty (20) issued and unissued existing shares into one (1) consolidated share. Furthermore, any fractional consolidated shares that may arise from the consolidation will be eliminated, and the number of consolidated shares in the company's issued capital will be adjusted down to the nearest whole number. Currently, existing shares are traded at 50,000 shares per board lot on the Stock Exchange. After the consolidation takes effect, the Board of Directors proposes to change the trading unit from 50,000 existing shares per board lot to 25,000.
RICHLY FIELD: INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024