STOCKS | Techtronic Industries To Cut Board Lot To 100 Shares From 500

Techtronic Industries (00669) said its board lot will be reduced from 500 shares to 100 shares, effective at 9:00 a.m. on October 5, according to ETNet. Based on Friday's closing price of HK$127, the value of each board lot will fall from HK$63,500 to HK$12,700. The company said the change is intended to facilitate trading, improve liquidity and broaden its shareholder base, and that it will not affect shareholders' rights.