BRIEF-China Investment And Finance Group Ltd Proposes Capital Reduction

March 16 (Reuters) - China Investment and Finance Group Ltd :

* PROPOSE REDUCTION OF PAR VALUE OF EACH ISSUED SHARE FROM HK$0.05 TO HK$0.0001

* AFTER CAPITAL REDUCTION, EACH AUTHORIZED BUT UNISSUED SHARE WILL BE SUB-DIVIDED INTO 500 NEW SHARES OF HK$0.0001 EACH

* AFTER CAPITAL REDUCTION, EACH AUTHORIZED BUT UNISSUED SHARE WILL BE SUB-DIVIDED INTO 500 NEW SHARES OF HK$0.0001 EACH

* EVERY 10 ISSUED AND UNISSUED NEW SHARES OF HK$0.0001 EACH WILL BE CONSOLIDATED INTO ONE SHARE OF HK$0.001 EACH Source text :https://bit.ly/38RkuST Further company coverage: (Reuters.Briefs@thomsonreuters.com)