Yaohan International Holdings (YIH) says it has decided to revise the share exchange entitlement with its sister company Yaohan Hong Kong Corp (YHK). Japanese retailer (YIH) last month proposed to streamline operations by making its sister company YHK a wholly owned subsidiary. The company said as the new YIH shares to be issued under the share entitlement would not be entitled to receive the final dividend declared for each YIH share for the year ended March 31, it would revise the exchange ratio between YIH shares and YHK shares under the share entitlement. The ratio will change to 505 new YIH shares for every 1,000 YHK shares held. This compares with a previous ratio of 451 new YIH shares for every 1,000 YHK shares held. The revised exchange ratio will be determined on the basis of the average of the closing price of the YIH shares on the stock exchange on the five trading days prior to the making of the announcement, which was $0.755, and the unaudited net tangible assets per YHK share as at March 31, of $0.381. The cash entitlement will not be revised.