Zhengwei Group (02147.HK) plans to implement a capital reduction and share subdivision.

Zhitong Finance APP news, Zhengwei Group (02147.HK) announced that as of the date of this announcement, the company's authorized share capital is US$160 million, divided into 800 million shares of US$0.2 each, of which 470.4 million existing shares are issued and fully paid or credited as fully paid. The board of directors recommends implementing the capital reduction and share subdivision as follows: