Jin Wei Medical(08143.HK) Proposes Stock Consolidation

NightAirdropper · 2026-03-15T20:23:06+00:00

Jinwei Medical announced plans to implement a share consolidation to comply with GEM listing rules. Due to the current share trading price being below the prescribed level, the consolidation will lift the stock price to ensure compliance with trading regulations.

NightAirdropper

2026-03-15 20:23:06

Abstract generation in progress

GEMWELL Medical (08143.HK) announced on March 12 that the company plans to consolidate its existing shares. According to GEM Listing Rule 17.76, if the market price of the issuer’s securities approaches the extreme values of HKD 0.01 or HKD 9,995.00, the issuer may need to change its trading method or consolidate or split its securities.

Additionally, the Hong Kong Exchanges and Clearing Limited issued and updated the “Guidelines on Transactions of Certain Types of Companies” on November 28, 2008, which further states that (i) a share price below HKD 0.10 per share will be considered an extreme case under GEM Listing Rule 17.76; and (ii) considering the minimum trading costs for securities transactions, the expected value of each lot should exceed HKD 2,000. Based on the current trading price of the existing shares and the value of each lot being below HKD 2,000, the board proposes to implement a share consolidation.

The expected share consolidation will result in an increase in the company’s share price on the Stock Exchange of Hong Kong. Therefore, the share consolidation will enable the company to comply with the trading regulations under GEM Listing Rules.

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