GF Healthcare (08143) suggests implementing a stock capital restructuring.

GF Healthcare (08143) announced that the company proposes to implement a capital reorganization, which involves share consolidation, reduction of share capital, and share split. The share consolidation will involve consolidating every 5 existing issued and unissued shares with a face value of HK$0.05 each into 1 consolidated share with a face value of HK$0.25 each; and consolidating every 5 existing issued and unissued preferred shares with a face value of HK$0.05 each into 1 consolidated preferred share with a face value of HK$0.25 each. Following the effective date of the share consolidation, the reduction of share capital will involve cancelling the fully paid-up capital of HK$0.24 per share for the consolidated shares, reducing the face value from HK$0.25 to HK$0.01 per share; and cancelling the fully paid-up capital of HK$0.24 per share for the consolidated preferred shares, reducing the face value from HK$0.25 to HK$0.01 per share. After the share consolidation and reduction of share capital take effect, the authorized but unissued consolidated shares and preferred shares will be split into 25 new shares with a face value of HK$0.01 each.