Cornerstone Holdings (01592.HK) plans to conduct a stock consolidation and change the trading unit to "10 to 1".

Financial news from ChinaWisdom APP: Cornerstone Holdings (01592.HK) announced that the Board of Directors recommended a consolidation of 10 existing shares into 1 share for both issued and unissued share capital. As of the date of this announcement, the company has 2.413 billion fully paid or credited as fully paid existing issued shares. Assuming no further issuance of shares from the date of this announcement until the date of the Extraordinary General Meeting of shareholders, there will be 241 million fully paid or credited as fully paid issued consolidated shares after the consolidation takes effect. The company's statutory share capital will remain at 50 million Hong Kong dollars, but will be divided into 500 million shares of 0.10 Hong Kong dollars each after consolidation.