CHINA ORAL IND suggests increasing the statutory capital
According to the announcement from CHINA ORAL IND, in order to enable the company to raise funds more flexibly in the future, it proposes to seek shareholder approval through an ordinary resolution to increase the authorized share capital from HKD 20 million (divided into 2 billion shares with a par value of HKD 0.01 per share) to HKD 50 million (divided into 5 billion shares with a par value of HKD 0.01 per share) by adding an additional 3 billion new unissued shares
According to the announcement from CHINA ORAL IND (08406), in order to enable the company to raise funds more flexibly in the future, it proposes to seek shareholder approval through an ordinary resolution to increase the authorized share capital by adding an additional 3 billion new unissued shares, raising the company's authorized share capital from HKD 20 million (divided into 2 billion shares with a par value of HKD 0.01 each) to HKD 50 million (divided into 5 billion shares with a par value of HKD 0.01 each)
