YGM TRADING (00375) suggests reducing share capital.

YGM Trading (00375) announced that the company is proposing a reduction of share capital, by reducing the amount in the share capital account from HK$384 million (as of the announcement date) to HK$20 million. The funds generated from the share capital reduction will be credited to the share capital reduction reserve account, and deemed as realized profits in accordance with Article 214 of the company's regulations, which can be used to offset any accumulated losses and/or distributed to shareholders.