China Silver Technology Holdings (HKG:0515) proposed a share consolidation, converting every five existing shares of HK$0.001 into one consolidated share of HK$0.005.
The move is aimed at maintaining the company's compliance with stock exchange trading rules by increasing share price levels.
The proposal is subject to shareholder approval at an extraordinary general meeting and regulatory clearance. If approved, the consolidation will take effect on May 8.
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