Brief: Grand T G Gold Holdings Proposes To Implement Capital Reorganisation

GT Gold Holdings

02/11/2021 15:01

Nov 2 (Reuters) - Grand T G Gold Holdings Ltd  8299.HK :
    * PROPOSES TO IMPLEMENT CAPITAL REORGANISATION
    * PROPOSES RIGHTS ISSUE ON BASIS OF 3 SHARES FOR EVERY 1
ADJUSTED
SHARE HELD TO RAISE UP TO HK$157.2 MILLION
    * PROPOSE TO REDUCE PAR VALUE OF EACH ISSUED EXISTING SHARE
TO
HK$0.001 BY CANCELLING PAID UP SHARE CAPITAL TO EXTENT OF
HK$0.059/SHARE
    * EACH OF AUTHORISED BUT UNISSUED SHARES OF HK$0.06 EACH
WILL BE
SUBDIVIDED INTO 60 AUTHORISED BUT UNISSUED ADJUSTED SHARES

Further company coverage:  8299.HK 

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