Chanjet Information Technology Announces Share Cancellation and Capital Reduction

Reuters
Nov 11
Chanjet Information Technology Announces Share Cancellation and Capital Reduction

Chanjet Information Technology Co. Ltd. has announced a proposed repurchase and cancellation of domestic shares under its Employee Share Ownership Scheme, which will result in a reduction of the company's registered capital. The company has also proposed amendments to its Articles of Association and relevant rules of procedures, as well as the use of its capital reserve to offset losses. The proposals are subject to approval at upcoming meetings of shareholders.

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