Brief: Wealth Glory Holdings Proposes Capital Reduction Of Issued Shares

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02/01/2020 11:17

Jan 2 (Reuters) - Wealth Glory Holdings Ltd  8269.HK :
    * PROPOSES CAPITAL REDUCTION OF ISSUED SHARES AND
SUB-DIVISION OF
UNISSUED SHARE
    * CO'S EXISTING ISSUED SHARE CAPITAL OF HK$49.3 MILLION TO
BE
REDUCED BY TO HK$4.9 MILLION
    * CAPITAL REDUCTION OF PAR VALUE OF EACH ISSUED SHARES FROM
HK$0.24 TO HK$0.024; AFTER REDUCTION, EACH ORDINARY SHARE PAR
VALUE HK$0.024
    * AFTER REDUCTION, AUTHORISED BUT UNISSUED ORDINARY SHARES
TO BE
SUB-DIVIDED INTO 10 UNISSUED NEW ORDINARY SHARES VALUED AT
HK$0.024 EACH

Source text for Eikon:  ID:nHKS9025XP 
Further company coverage:  8269.HK 

 ((Reuters.Briefs@thomsonreuters.com;))