Macau Legend Development Limited (Stock Code: 01680) has issued a proposed set of corporate actions, including a change of domicile from the Cayman Islands to Bermuda, adoption of a new memorandum of continuance and new bye-laws, and a capital reorganisation. The proposals are subject to shareholder approval at an extraordinary general meeting scheduled for 2 December 2025, 11:00 a.m., at Banquet Room 5, Convention and Exhibition Center, Macau Fisherman’s Wharf.

According to the circular, the change of domicile is intended to allow for a more efficient framework for the capital reorganisation. The plan involves reducing the issued share capital by lowering the par value of each share from HK$1.00 to HK$0.01, with the credit arising from this reduction transferred to a contributed surplus account. The board also proposes canceling the entire share premium account balance and adopting updated constitutional documents in line with Bermuda law. Shareholders can review these details in the notice of the extraordinary general meeting and vote on the resolutions at the scheduled meeting.