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HONG KONG, July 2, 2015 - (ACN Newswire) - CT Environmental Group Limited ("CTEG" or the "Company;" stock code: 1363), a provider of one-stop centralized and customized wastewater treatment services, industrial water supply services and sludge treatment services in China, announced that the circular regarding its proposed share subdivision, which the announcement was published on 22 June 2015, will be dispatched to its shareholders on 3 July 2015.
According to the announcement dated 22 June 2015, the share subdivision is conditional upon the passing of an ordinary resolution by the shareholders at the extraordinary general meeting ("EGM"). The EGM for this proposal is to be held on 21 July 2015.
Upon the proposed share subdivision becoming effective, the par value of each share of the Company will decrease and the total number of shares of the Company in issue will increase. The share subdivision is expected to result in a corresponding downward adjustment to the trading price of the shares of the Company on the Hong Kong Stock Exchange. The Board of Directors believes that the share subdivision will enhance the liquidity in trading of the subdivided shares.
Contact:
Strategic Financial Relations (China) Limited
Ms. Karen Hung Tel: (852) 2864 4845 Email: karen.hung@sprg.com.hk
Ms. Janice Au Tel: (852) 2864 4874 Email: janice.au@sprg.com.hk
Topic: Press release summary
Source: CT Environmental Group Limited
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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