VOLCANO SPRING suggests conducting a capital restructuring
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The board of Volcano Spring International Holdings recommends a capital restructuring, including a capital reduction and a stock split. The capital reduction will decrease the nominal value of each issued share from HKD 0.25 to HKD 0.001, followed by a stock split of the unissued shares into 250 new shares with a nominal value of HKD 0.001 each. The proceeds from the reduction will be used to offset the company's accumulated losses, with the balance transferred to the distributable reserve account
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