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Ezra seeks 8-to-1 share consolidation to fulfil MTP requirements
Published Tue, Jan 19, 2016 · 09:50 PM
Singapore
EMBATTLED oil and gas player Ezra Holdings is proposing an eight to one consolidation of its shares. Shareholders will vote on the proposal at an extraordinary general meeting to be convened.
The share consolidation comes as the company's six-month volume weighted average price, at S$0.117, is below the minimum trading price (MTP) requirement of S$0.20 for mainboard-listed stocks.
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