Yuhua Energy (02728) said the proposed bonus shares issue, change in board lot size and increase in authorised share capital will be postponed to such time as and when the Board determines appropriate in view of the recent volatility in the local securities market.
The company considers the postponement will not have any material adverse impact on the business operations and financial position of the Group.
Yuhua Energy said last month that it proposes to issue bonus shares on the basis of two bonus shares for every one existing share held and the board lot size for trading in the shares will be changed from 4,000 shares to 18,000 shares with effect from 13 November 2015.
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