Brief: China Billion Resources Says Co Agreed To Issue 2.1 BLN Subscription Shares

Renaissance Asia Silk Road

27/11/2019 15:24

Nov 27 (Reuters) - China Billion Resources Ltd  0274.HK :
    * CO AGREED TO ISSUE 2.1 BILLION SUBSCRIPTION SHARES AT
PRICE OF
HK$0.018 PER SUBSCRIPTION SHARE
    * BOARD PROPOSES CONSOLIDATION OF EVERY 20 ISSUED AND
UNISSUED
EXISTING SHARES INTO 1 CONSOLIDATED SHARE
    * BOARD PROPOSES REDUCTION OF ISSUED CAPITAL WHERE VALUE OF
EACH
ISSUED CONSOL SHARE WILL BE REDUCED FROM HK$0.20 TO HK$0.01

Source text for Eikon:  ID:nHKS6hGtF4 
Further company coverage:  0274.HK 

 (Reuters.Briefs@thomsonreuters.com)