Bonjour Holdings Limited has unveiled a multi-step Capital Reorganisation aimed at lifting its share price, creating distributable reserves and aligning trading parameters with Hong Kong Stock Exchange (HKEX) requirements.
Key Proposals • Share Consolidation: Every 30 existing shares (par HK$0.01) will be consolidated into 1 share (par HK$0.30). Issued shares will fall from 1,874.88 million to 62.50 million. • Capital Reduction: Par value of each consolidated share will be cut from HK$0.30 to HK$0.01, reducing issued share capital from HK$18.75 million to HK$0.62 million and generating a credit of HK$18.12 million. • Sub-division: Each authorised but unissued HK$0.30 share will be split into 30 new shares of HK$0.01, keeping authorised capital unchanged at HK$100 million. • Board-Lot Adjustment: Trading lot size will shift from 12,000 existing shares to 5,000 new shares.
Use of Capital Reduction Credit The HK$18.12 million credit arising from the reduction will first offset accumulated losses; any surplus will be transferred to a distributable reserve for future use permitted under Cayman law and the company’s articles.
Timetable (Indicative) • EGM to approve the plan: 28 Aug 2026, 10:30 a.m. (record date: 28 Aug; proxy deadline: 26 Aug). • Capital Reorganisation effective: before 9:00 a.m. on 11 Sep 2026. • Start of trading in new shares and first day of free share-certificate exchange: 11 Sep 2026. • Original 12,000-share counter closes and temporary 400-share counter opens: 11 Sep 2026. • New 5,000-share board lot counter re-opens and parallel trading starts: 25 Sep 2026. • Odd-lot matching period: 25 Sep – 16 Oct 2026. • Final day for free exchange of certificates: 21 Oct 2026.
Rationale Management cites the current sub-HK$0.10 share price—approaching HKEX’s HK$0.01 extremity—and the HK$1,000 minimum board-lot value guideline. Post-reorganisation, the theoretical board-lot value will rise to approximately HK$4,050 (based on the 6 Aug 2026 closing price of HK$0.027). The move is intended to reduce transaction costs, broaden the investor base and create headroom for future capital management activities, including potential dividends once accumulated losses are offset.
Conditions Implementation requires: 1. Shareholder approval at the EGM; 2. Directors’ solvency statement; 3. Cayman Islands Registrar registration; 4. HKEX approval for listing the new shares; and 5. Compliance with all applicable laws and Listing Rules.
No outstanding convertible securities exist, and no shareholders are required to abstain from voting on the resolution.