[ET Net News Agency, 30 May 2018] Landing International Development (00582) said it
proposes to consolidate every 50 existing shares of a par value of HK$0.01 each into one
consolidated share of a par value of HK$0.5 each and to reduce the par value of each
issued consolidated share from HK$0.5 to HK$0.01.
The company also proposes to change the board lot size for trading on the Stock Exchange
from 60,000 existing shares to 1,200 new shares conditional upon the capital
reorganisation becoming effective.
The capital reorganisation is expected to become effective on 4 July. (HL)