BYD to change H-share lot size from 500 shares to 100 to widen shareholder base
The change will take effect on September 19, significantly lowering the entry barrier for buying BYD shares on the Hong Kong stock market.
- The change will take effect on September 19, significantly lowering the entry barrier for buying BYD shares on the Hong Kong stock market.
- The adjustment will enhance the liquidity of H shares and broaden the shareholder base, BYD said.
BYD (HKG: 1211, OTCMKTS: BYDDY) will reduce the minimum trading lot size for its Hong Kong-listed shares to lower the investment threshold.
Starting at 9:00 am on Friday, September 19, the minimum trading lot for BYD's H-shares will change from 500 shares to 100 shares, the company announced today in a Hong Kong Stock Exchange filing.
Both Hong Kong dollar and Renminbi counters will then trade H-shares in lots of 100 shares.
Based on BYD's closing price of HK$114.4 today, purchasing the stock in Hong Kong currently requires at least HK$57,200.
After the change takes effect, this threshold will decrease to HK$11,440.
BYD said that reducing the trading lot size will decrease the market value per lot, thereby enhancing H-share liquidity and broadening the shareholder base.
The company emphasized that this change will not affect existing shareholders' rights and aligns with their overall interests.
Following a sharp rally earlier this year, BYD's stock performance has weakened since late May. As of today's close, its share price has fallen 23 percent from the May 23 close.
The company will release its 2025 half-year financial results later today.
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