BYD said on Friday it will reduce the minimum trading lot size of its Hong Kong-listed shares to make the stock more accessible to investors and improve market liquidity.
Effective from 9:00 a.m. on Sept. 19, the minimum trading lot will be lowered from 500 shares to 100 shares, according to a filing with the Hong Kong Stock Exchange.
The change applies to both Hong Kong dollar and renminbi counters.
At BYD’s closing price of HK$114.4 on Friday, the minimum investment required will fall from HK$57,200 to HK$11,440 once the adjustment takes effect.
The company said the move is intended to enhance liquidity and broaden its shareholder base, while stressing that existing shareholder rights remain unaffected.
