HKC International Proposes Share Consolidation

About this update from Hkc International Holdings Limited

HKC International Holdings Ltd HKEX:248:TO CONSOLIDATE EVERY 8 EXISTING SHARES OF HK$0.01 EACH INTO 1 CONSOLIDATED SHARE OF HK$0.08 EACHRIGHTS ISSUE ON BASIS OF 1 SHARE FOR EVERY 2 CONSOLIDATED SHARES AT SUBSCRIPTION PRICE OF HK$0.28 PER RIGHTS SHARETO RAISE UP TO HK$21.8 MILLION UNDER RIGHTS ISSUE

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