---
title: "CMRU suggests implementing share reduction and share split"
description: "The board of directors of China Metal Resources Utilization recommends implementing a share reduction and share split. Specific measures include: canceling the fully paid-up capital, reducing the par "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/243909321.md"
published_at: "2025-06-10T13:13:02.000Z"
---

# CMRU suggests implementing share reduction and share split

> The board of directors of China Metal Resources Utilization recommends implementing a share reduction and share split. Specific measures include: canceling the fully paid-up capital, reducing the par value of each issued share from HKD 1.00 to HKD 0.01; subsequently, splitting the statutory unissued shares with a par value of HKD 1.00 into 100 new shares with a par value of HKD 0.01 each. At the same time, it is proposed to change the trading unit for buying and selling shares from 4,000 shares to 8,000 new shares

According to the announcement from China Metal Recycling (01636), the board of directors has proposed to implement a share reduction and share split, as follows:

(i) The company's issued share capital will be reduced by canceling the paid-up capital (limited to HKD 0.99 per issued share), resulting in the par value of each issued share being reduced from HKD 1.00 to HKD 0.01; and

(ii) Immediately following the capital reduction, each statutory but unissued share with a par value of HKD 1.00 will be split into 100 new shares with a par value of HKD 0.01 each.

As of the date of this announcement, shares are traded in board lots of 4,000 shares on the Hong Kong Stock Exchange. It is proposed to change the board lot size for trading shares from 4,000 shares to 8,000 new shares

### Related Stocks

- [01636.HK - CMRU](https://longbridge.com/en/quote/01636.HK.md)
- [02966.HK - DREAM INT'L-2K](https://longbridge.com/en/quote/02966.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 12:17 ETNRMP Publishes Results and Data for the 2026 Specialties Matching Service | The National Resident Matching Program (NRMP) has published the 2026 Specialties Matching Service report, revealing a re | [Link](https://longbridge.com/en/news/276361984.md) |
| Manulife Brief: Announcing Normal Course Issuer Bid, Representing About 2.5% of Issued and Outstanding Common Shares | Manulife Brief: Announcing Normal Course Issuer Bid, Representing About 2.5% of Issued and Outstanding Common Shares | [Link](https://longbridge.com/en/news/276381436.md) |
| Afghan barbers under pressure as morality police take on short beards | Barbers in Afghanistan face detention for trimming men's beards too short as the Taliban enforces strict Islamic law. Th | [Link](https://longbridge.com/en/news/276294211.md) |
| EXCLUSIVE-Congo offers tantalum deposit under M23 control to US in minerals pact, document shows | The Democratic Republic of Congo has included the Rubaya coltan mine, controlled by M23 rebels, in a list of strategic a | [Link](https://longbridge.com/en/news/276244068.md) |
| Opinion: China’s stranglehold on critical minerals is now a national crisis | It’s imperative that we fix our disturbingly slow permitting process and start granting approvals for new mines. | [Link](https://longbridge.com/en/news/276080833.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.