New City Development Group Limited (Stock Code: 0456) Announces Plan to Increase Authorised Share Capital

Bulletin Express

2025/11/04

On 4 November 2025, New City Development Group Limited announced a proposal to seek shareholder approval at an upcoming extraordinary general meeting (EGM) for an increase in authorised share capital. The plan involves raising the existing authorised share capital from HK$40,000,000—divided into 200,000,000 shares—to HK$400,000,000, divided into 2,000,000,000 shares, creating an additional 1,800,000,000 unissued shares. These shares will rank pari passu in all respects.

According to the announcement, the Company believes this move will accommodate the Group’s growth needs and provide greater flexibility for potential fund-raising. A circular containing further details and a notice of the EGM is slated for dispatch to shareholders on or before 14 November 2025.

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