TOPSTANDARDCORP (08510) Proposes Increase in Authorized Share Capital to HK$40 Million

Stock News

Nov 11

TOPSTANDARDCORP (08510) announced that its board of directors has proposed seeking shareholder approval at an extraordinary general meeting via an ordinary resolution to increase the authorized share capital from HK$20 million (divided into 200 million shares) to HK$40 million (divided into 400 million shares) by creating an additional 200 million unissued shares. The new shares will rank equally in all respects with existing shares.

The board recommended the increase to support the group's growth and provide greater flexibility for future fundraising. It believes the proposal aligns with the overall interests of the company and its shareholders.

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The new shares will rank equally in all respects with existing shares.</p>\n<p>The board recommended the increase to support the group's growth and provide greater flexibility for future fundraising. 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