Dragon Rise Board Proposes 10-for-1 Share Consolidation

MT Newswires Live

2024/09/16

Dragon Rise (HKG:6829) directors propose a 10-for-1 share consolidation scheme, according to a Friday filing with the Hong Kong Stock Exchange.

Under the scheme, its 1,440,000,000 existing shares at HK$0.01 each will be consolidated into 144,000,000 shares at HK$0.10 each.

Shares closed 23% lower during Monday's trading.

Price (HKD): $0.03, Change: $-0.0090, Percent Change: -23.08%

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