China Netcom Group (01920.HK) recommends increasing the authorized share capital and adopting a new share incentive plan.

Financial news app Zhitong Finance reported that China Netcom (01920.HK) has announced that in order to raise funds more flexibly and promote future business growth, the board of directors has proposed to increase the authorized share capital. The new shares will have equal rights with existing shares in all aspects after issuance. The board of directors believes that increasing the authorized share capital is in the overall interests of the company and shareholders.