Huisheng International Holdings Limited (Huisheng Intl., 01340) has unveiled a three-part capital action plan comprising an 8-for-1 share consolidation, a change in trading board-lot size and a placement of up to 184.57 million new shares under its existing general mandate.

Share Consolidation • Ratio: Every eight HK$0.01 shares will be merged into one HK$0.08 share. • Issued capital: Will contract from 922.84 million shares to 115.35 million consolidated shares, while authorised capital remains at HK$15.00 million. • Conditions: Shareholder approval at an extraordinary general meeting (EGM) on 30 June 2026 and Stock Exchange listing approval. • Target effective date: 3 July 2026.

Board-Lot Adjustment • Current lot: 4,000 existing shares (value HK$228 at the last close of HK$0.057). • Proposed lot: 10,000 consolidated shares, lifting theoretical lot value to HK$4,560 post-consolidation. • Effective date: 17 July 2026, subject to the consolidation becoming effective.

Placement of New Shares • Size: Up to 184.57 million existing shares, equal to 20% of current issued capital. • Price: HK$0.046 per share, representing a 19.30% discount to the last closing price and a 15.75% discount to the five-day average. • Gross proceeds: Approximately HK$8.49 million; estimated net proceeds HK$8.22 million. • Use of funds: 80% (≈HK$6.58 million) for procurement of frozen meat to expand Hong Kong trading operations; 20% (≈HK$1.64 million) for general working capital. • Shareholding impact: Enlarged issued capital will rise to 1.11 billion shares, with new investors holding 16.67%. After consolidation, total shares will stand at 138.43 million. • Conditions: Listing approval for the new shares; completion three business days after approval.

Key Dates • Register closure for EGM eligibility: 25–30 June 2026. • EGM: 30 June 2026. • Free exchange of share certificates: 3 July–10 August 2026.

Management cites the consolidation and lot-size change as measures to elevate per-share trading value, reduce relative transaction costs and ensure compliance with Listing Rule board-lot value requirements, while the placement is intended to bolster liquidity for operating expansion.