GRANDY CORP<08143> - Share Consolidation

Market participants are requested to note that the ordinary 
shares of HKD0.01 each ("Old Shares") in the capital of Grandy 
Corporation will be consolidated into ordinary shares of HKD0.05 
each ("New Shares") on the basis of 5 into 1 subject to its 
shareholders' approval at the Extraordinary General Meeting to 
be held on 11/05/2005.  Upon the proposals becoming effective, a 
temporary counter under stock code 8393 and stock short name 
"GRANDY CORP" will be established for trading in board lots of 2,000 New 
Shares each to replace the present counter (stock code: 8143) for 
trading in board lots of 10,000 Old Shares each effective from 
Thursday, 12/05/2005.