Zhitong Finance App News, Energy & Energy Global (01142) announced that the board of directors proposed a share consolidation based on the basis of merging issued and unissued existing shares with a face value of HK$0.01 per 10 shares of the company's share capital into 1 consolidated share with a face value of HK$0.10 per share.

It is proposed to change the trading unit for each lot traded on the Stock Exchange from 2,000 existing shares to 10,000 consolidated shares after the share merger comes into effect.

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