Hong Kong Stock Exchange filings show that on August 20, Century Group International (02113) experienced a notable position change, with a total transfer market value of HK$6.5464 million, representing 5.08% of the company's shares.

The company's shareholders transferred 39.475 million shares into Kingsway Financial Securities, while 40 million shares were moved out from Emperor Securities Hong Kong.

Century Group International has announced a proposal to consolidate shares on a 20-for-1 basis. Upon the consolidation taking effect, the board lot size would be adjusted from 5,000 existing shares to 1,000 consolidated shares, subject to shareholder approval.

Based on a price of HK$0.174, the company stated that if the share consolidation and board lot change take effect, the value of each board lot would shift from HK$870 to HK$3,480. This adjustment aligns with the requirements set out in the relevant trading arrangement guidelines and reduces the proportion of overall transaction and handling fees relative to the market value of each board lot.