Wai Yuen Tong (00897): Suggests reducing share premium.
Wave Electronics (00897) announced that the Board of Directors is planning to propose to shareholders a suggestion to reduce the premium on the company's shares in accordance with Bermuda laws and the company's regulations. According to the company's audited consolidated financial statements, as of March 31, 2026, the amount booked in the share premium account is approximately HK$1.121 billion.
WAI YUEN TONG (00897) has announced that the board of directors intends to propose a recommendation to shareholders to reduce the share premium of the company in accordance with Bermuda law and the company's articles. According to the company's audited consolidated financial statements, as of March 31, 2026, the balance of the share premium account is approximately HK$1.121 billion.
The proposal to reduce the share premium must be approved by shareholders through a special resolution before it can be implemented.
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