Maosheng Holdings (00022.HK) plans to implement a "50-for-1" share consolidation and change the trading unit per lot.

The Zhixin Financial APP reported that Maosheng Holdings (00022.HK) announced that the company is proposing a stock consolidation, with the basis being every 50 shares of existing and unissued shares with a nominal value of 0.02 Hong Kong dollars per share consolidated into 1 share with a nominal value of 1.00 Hong Kong dollars per share. The stock consolidation must be approved by the shareholders at a special general meeting before it can take effect.