trending Market Intelligence /marketintelligence/en/news-insights/trending/HJYDlhvzoMSb3W48xaBAiw2 content esgSubNav
In This List

Shenzou International to change board lot size

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


Shenzou International to change board lot size

Chinese clothing manufacturer Shenzhou International Group Holdings Ltd. said Dec. 20 that it will change the board lot size of ordinary shares in the company's share capital to 100 shares from 1,000 shares per certificate.

The change will take effect at 9 a.m. Hong Kong time on Jan. 15, 2019.

According to the announcement, shareholders of the company can trade in their existing 1,000-share certificates for new share certificates of 100 shares each for free from 9 a.m. on Dec. 31 through 4:30 p.m. on Feb. 11, 2019.

After this period, existing share certificates will be accepted for exchange for HK$2.50 for each new share certificate.

The company expects the reduction to attract more investors, which could improve the shares' liquidity and broaden Shenzhou's shareholder base.