Suncorp Technologies (HKG:1063) has issued a revised timetable for its proposed share consolidation, for converting every five existing shares into one consolidated share, and for changing the standard board lot from 10,000 existing shares to 5,000 consolidated shares, according to a Monday filing to the Hong Kong bourse.

The main dates for shareholder meetings, proxy submissions, commencement of trading in consolidated shares, and arrangements for odd-lot matching have been pushed into period from July 10 to Sept. 8.

Earlier, the exercise was expected to be conducted from July 3 to Sept. 3.

Last month, the company proposed a share consolidation to combine every five existing shares with a par value of HK$0.006 into one consolidated share with a par value of HK$0.030.

Following the consolidation, the number of issued shares would fall from approximately 1.54 billion to about 308 million, while authorised share capital would remain at HK$600 million, now divided into 20 billion consolidated shares.

The company's shares jumped nearly 28% in recent trade.