LAI GROUP (08455) Plans to Increase Authorized Share Capital

Stock News

Jan 09

LAI GROUP (08455) announced that its board of directors intends to seek shareholder approval at an extraordinary general meeting. The proposal, to be put forward as an ordinary resolution, involves increasing the company's authorized share capital from HKD 10 million (divided into 1 billion shares) to HKD 20 million (divided into 2 billion shares). This will be achieved by creating an additional 1 billion unissued shares. The newly created shares will rank equally in all respects with the existing shares.

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