Brief: Wuxi Life International Proposes Capital Reorganisation To Be Implemented

Wuxi Life International Holdings

14/02/2024 01:34

Feb 14 (Reuters) - Wuxi Life International Holdings
Group Ltd  8148.HK :
    * PROPOSES CAPITAL REORGANISATION TO BE IMPLEMENTED
    * PROPOSED RIGHTS ISSUE ON BASIS OF 2 RIGHTS SHARES FOR
EVERY 1
ADJUSTED SHARE
    * CREDIT ARISING FROM CAPITAL REDUCTION WILL BE APPLIED
TOWARDS
OFFSETTING ACCUMULATED LOSSES
    * PROPOSES SHARE CONSOLIDATION WHEREBY EVERY 10 EXISTING
SHARES OF
PAR VALUE OF HK$0.04 EACH TO BE CONSOLIDATED INTO 1 SHARE
    * SHARE CONSOLIDATION INTO ONE SHARE OF PAR VALUE OF HK$0.4
EACH

Source text for Eikon:  ID:n11068603-1 
Further company coverage:  8148.HK