According to Zhitong Finance App, Haina Star Technology (08297.HK) issued an announcement. The board of directors proposed a share merger. According to this, the issued and unissued existing shares with a face value of HK$0.01 for every five shares of the Company's share capital will be consolidated into a consolidated share with a face value of HK$0.05 per share. Stock consolidation is subject to approval by shareholders (including) at the Extraordinary General Meeting of Shareholders before it can actually take place.

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