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idt int'l (00167.HK) plans to carry out a capital reorganization.
idt int'l (00167.HK) announced that it will carry out a capital reorganization. The group plans to merge shares, involving merging existing shares of 60 shares with a par value of 0.10 yuan per share into 1 share with a par value of 6 yuan per share; increasing the statutory share capital from 2 billion yuan by adding 16.6667 million unissued merged shares to reach 2.1 billion yuan; capital reduction involves canceling company-paid-in capital to reduce the par value of each issued merged share from 6 yuan to 0.6 yuan; share split, each statutory but unissued merged share with a par value of 6 yuan will be split into 10 new shares with a par value of 0.6 yuan each; and
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