Brief: SEEC Media Group Board Proposes To Implement Capital Reorganisation

BFB Health

02/03/2020 14:03

March 2 (Reuters) - SEEC Media Group Ltd  0205.HK :
    * BOARD PROPOSES TO IMPLEMENT CAPITAL REORGANISATION
INVOLVING
SHARE CONSOLIDATION, CAPITAL REDUCTION & SHARE SUB-DIVISION
    * TOTAL NUMBER OF CONSOLIDATED SHARES WILL BE ROUNDED DOWN
TO
WHOLE NUMBER
    * PROPOSES EVERY 20 EXISTING SHARES OF PAR VALUE HK$0.10
EACH BE
CONSOLIDATED INTO ONE SHARE OF PAR VALUE HK$2.00 EACH
    * PAR VALUE OF EACH OF THEN ISSUED CONSOLIDATED SHARES WILL
BE
REDUCED FROM HK$2.00 TO HK$0.01
    * EACH AUTHORISED BUT UNISSUED CONSOLIDATED SHARES OF PAR
VALUE
HK$2.00 EACH TO BE SUB-DIVIDED TO 200 NEW SHARES OF PAR VALUE
HK$0.01 EACH

Source text for Eikon:  ID:nHKS24YnSr 
Further company coverage:  0205.HK 

 ((Reuters.Briefs@thomsonreuters.com;))