GROWN UP GROUP (01842.HK): Proposes 10-to-1 Share Consolidation, Board Lot to 5,000 Shares

NewTimeSpace News: On 22 September 2026, Grown Up Group Investment Holdings Limited (stock code: 01842) announced that the Board proposes to implement a share consolidation on the basis that every ten (10) issued and unissued existing shares of HKD 0.01 each be consolidated into one (1) consolidated share of HKD 0.10 each. As at the date of the announcement, the Company's authorised share capital was HKD 100,000,000 (divided into 10,000,000,000 existing shares of HKD 0.01 each), of which 1,440,000,000 existing shares had been allotted and issued.

Upon the share consolidation becoming effective and assuming no change in the issued share capital from the date of the announcement to the effective date, the Company's authorised share capital will remain at HKD 100,000,000 (divided into 1,000,000,000 ordinary shares of HKD 0.10 each), of which 144,000,000 consolidated shares will be in issue. The Board also proposes that, upon the share consolidation becoming effective, the board lot for trading on the Stock Exchange be changed from 4,000 existing shares to 5,000 consolidated shares. Based on the closing price of HKD 0.050 per existing share on the date of the announcement (equivalent to a theoretical closing price of HKD 0.50 per consolidated share), the existing board lot has a value of HKD 200, while the estimated value of a board lot of 5,000 consolidated shares would be HKD 2,500.

The share consolidation is conditional upon shareholders passing the requisite resolution at an extraordinary general meeting, the Listing Committee of the Stock Exchange granting approval for the listing of and permission to deal in the consolidated shares, and compliance with the relevant procedures under Cayman Islands law and the Listing Rules and the obtaining of all necessary approvals. Subject to fulfilment, the effective date of the share consolidation is expected to be 28 October 2026. A circular containing further details and the notice of the extraordinary general meeting is expected to be despatched to shareholders on or before 8 October 2026.

The Board said the closing price of the existing shares was HKD 0.050 per share and the existing board lot was worth only HKD 200, below the HKD 1,000 floor under the guidance, and that the closing price had remained below HKD 0.1 per existing share throughout the year preceding the date of the announcement. The share consolidation and the change in board lot are therefore proposed to ensure compliance with the trading requirements under the Listing Rules and to reduce the overall transaction costs of dealing in the shares.

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