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FINWIRES

Haosen Fintech Proposes 5-for-1 Share Split

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Haosen Fintech (HKG:3848) proposed a five-for-one share subdivision, according to a Friday Hong Kong bourse filing.

Under the proposal, each existing share with a par value of HK$0.01 will be subdivided into five shares with a par value of HK$0.002 each.

Based on the current issued share capital, the number of issued shares would increase to 782.1 million from 156.4 million.

The board lot size will remain unchanged at 1,000 shares.

The company said the share subdivision is expected to enhance trading liquidity, lower the investment threshold for investors, and attract broader market participation.

The share subdivision is expected to take effect on July 7, subject to shareholder and regulatory approvals.

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