CB Global (08026) has announced that its board of directors recommends a share consolidation, which will be implemented on the basis of merging every ten issued and unissued existing ordinary shares, each with a par value of HK$0.1, into one consolidated ordinary share with a par value of HK$1.0, based on the company's share capital.
The proposed consolidation is designed to streamline the company's capital structure and is subject to shareholder approval at a general meeting.
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