New City Development Group Ltd. to Seek Shareholder Approval for Increase in Authorised Share Capital at Upcoming EGM

Reuters

2025/11/04

New City Development Group Ltd. to Seek Shareholder Approval for Increase in Authorised Share Capital at Upcoming EGM

New City Development Group Ltd. will hold an extraordinary general meeting (EGM) to vote on a proposal to increase its authorised share capital from HK$40 million to HK$400 million by creating an additional 1.8 billion unissued shares. The meeting is expected to be convened following the despatch of a circular to shareholders on or before Friday, 14 November 2025. The Board recommends voting in favour of the proposal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New City Development Group Ltd. published the original content used to generate this news brief on November 04, 2025, and is solely responsible for the information contained therein.

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