Zhitong Finance App News, Beijing Sports Culture (01803) issued an announcement. The board of directors proposed a share merger, merging the issued and unissued existing shares with a face value of HK$0.005 per 10 shares in the company's share capital into a consolidated share with a face value of HK$0.05 per share.

On the date of this announcement, existing shares were traded on the Stock Exchange with 2,500 existing shares per trading unit. The board of directors recommended that after the share merger comes into effect, the trading unit of each lot traded on the Stock Exchange will be changed from 2,500 existing shares to 5,000 consolidated shares.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.