DYNASTY DIGITAL (00451) proposes to increase authorized share capital to HK$500 million
DYNASTY DIGITAL (00451) announced that, to support the Group's business growth and provide greater flexibility for future fundraising by the Company, the Board proposes to increase the Company's authorized share capital to HK$500 million, divided into 6 billion shares, by creating an additional 3 billion unissued shares. When issued and credited as fully paid, these additional shares will rank pari passu with the existing shares in all respects. The Board considers that the increase in authorized share capital is in the overall interests of the Company and its shareholders.
DYNASTY DIGITAL (00451) announces that, in order to accommodate the Group's business growth and provide greater flexibility for future fundraising by the Company, the Board proposes to increase the Company's authorized share capital to HK$500 million, divided into 6 billion shares, by creating an additional 3 billion unissued shares. Such new shares, when issued and credited as fully paid, will rank pari passu in all respects with the existing shares. The Board considers that the increase in authorized share capital is in the overall interests of the Company and its shareholders.
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