China Tower (HKG:0788) has received approval from the listing committee of the Stock Exchange of Hong Kong to list and deal in its proposed consolidated and reduced H shares, according to a bourse filing on Thursday.
Back in November 2024, the telecommunications infrastructure firm announced its plan to consolidate its shares.
The consolidation will see every 10 existing shares with a par value of 1 yuan each combined into one new share, also with a par value of 1.00 yuan. This move will reduce the company's total issued share capital to 17.6 billion yuan from 176.0 billion yuan.
The consolidation and reduction will take effect on Thursday, and trading in such shares is expected to start on the same day.
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