---
title: "RA SILK ROAD suggests conducting an equity restructuring"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/227763761.md"
description: "The board of RA SILK ROAD has proposed a capital restructuring, including a share consolidation, capital reduction, and share split. The specific measures are: 1. Consolidate every 10 shares into 1 share, with the par value adjusted from HKD 0.05 to HKD 0.5; 2. Reduce the capital to HKD 0.001 per share, cancel fractional shares, and transfer approximately HKD 29.1 million into the distributable reserve; 3. Split the unissued shares into 500 shares, each with a par value of HKD 0.001. The trading unit will be changed from 20,000 shares to 10,000 shares"
datetime: "2025-02-10T14:47:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/227763761.md)
  - [en](https://longbridge.com/en/news/227763761.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/227763761.md)
---

# RA SILK ROAD suggests conducting an equity restructuring

According to the Zhitong Finance APP, RA SILK ROAD (00274) announced that the board of directors has proposed a capital reorganization, which will involve the following share consolidation, capital reduction, and share split:

1.  Share Consolidation

The existing shares will be consolidated on the basis of merging every 10 existing shares with a par value of HKD 0.05 each into 1 consolidated share with a par value of HKD 0.5.

1.  Capital Reduction

Following the effectiveness of the share consolidation, a capital reduction will be carried out, whereby: (a) the company will cancel its paid-up capital by limiting the cancellation to HKD 0.499 for each issued consolidated share, reducing the par value of each issued consolidated share from HKD 0.5 to HKD 0.001; and (b) any fractional consolidated shares arising from the share consolidation will be cancelled. The proceeds from the capital reduction, approximately HKD 29.1 million, will be transferred to the company's distributable reserve account, which the board may use for any purposes permitted by applicable laws and the company's articles of association.

1.  Share Split

Following the effectiveness of the capital reduction, each statutory but unissued consolidated share will be split into 500 new shares with a par value of HKD 0.001 each. The new shares will enjoy equal status in all respects, and the capital reorganization will not result in any change to the relative rights of shareholders.

As of the date of this announcement, the existing shares are traded in board lots of 20,000 existing shares on the Stock Exchange. The board of directors proposes that, subject to and pending the effectiveness of the share consolidation, the board lot size for trading on the Stock Exchange will be changed from 20,000 existing shares to 10,000 consolidated shares.

After the capital reduction and share split become effective, the board lot size for trading on the Stock Exchange will remain at 10,000 new shares

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