PROSP GP INTL Plans to Lift Authorised Share Capital to HK$2.00 Billion, Adding 9.75 Billion New Shares

Bulletin Express10-20

Prosperity Group International Limited (PROSP GP INTL) has announced a proposal to expand its authorised share capital from HK$50.00 million—comprising 250.00 million shares with a par value of HK$0.20 each—to HK$2.00 billion, divided into 10.00 billion shares of the same par value. The move entails the creation of 9.75 billion additional shares, all ranking pari passu with existing shares upon issue.

As of the announcement date (20 October 2026), the company has 200.20 million shares in issue, leaving 49.80 million shares unissued under the current capital limit. Management cited the need to “accommodate the growth of the Group and provide greater flexibility to raise funds” as the rationale behind the proposed increase.

Implementation is contingent on shareholder approval via an ordinary resolution at the annual general meeting scheduled for 16 November 2026. A circular detailing the proposal and AGM notice will be dispatched to shareholders in due course.

The board is led by Chairman Mr. Liu Yancheng, with executive directors Mr. Yao Runxiong and Mr. Wu Yifeng, and independent non-executive directors Mr. Chen Yeung Tak, Mr. Wang Haoyuan, and Ms. Chan Sheung Yu.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment