China Netcom Technology Executes 1-for-50 Share Consolidation, Issued Shares Fall 98% in June

Bulletin Express
Jul 02

China Netcom Technology Holdings Limited completed a major capital reorganisation on 30 June 2026, consolidating every 50 ordinary shares into one.

Authorised Share Capital • Ordinary shares: authorised units shrank from 20.00 billion to 400.00 million, with par value rising from HKD0.005 to HKD0.25; total authorised capital remains HKD100.00 million. • Preference shares: unchanged at 2.00 billion non-redeemable convertible preference shares with a par value of HKD0.005, representing HKD10.00 million. • Total authorised share capital stays at HKD110.00 million.

Issued Share Capital • Outstanding ordinary shares dropped from 4.69 billion to 93.72 million, a 98% reduction aligning with the 1-for-50 consolidation. • No treasury shares are held, and no share options, warrants or convertibles were outstanding or exercised during the month.

Public Float The company confirmed compliance with GEM Rule 17.37D(1); at least 25% of the post-consolidation issued shares remain in public hands.

Timeline and Governance Shareholder approval was obtained on 26 June 2026, and the consolidation took effect on 30 June 2026. The monthly return was filed on 2 July 2026 by the company secretary, Tsang Sin Man.

The restructuring leaves China Netcom Technology with a streamlined capital base of 93.72 million issued ordinary shares while maintaining its authorised capital structure and public float requirements.

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